🔥 Immediately after the decline 
XAUUSD , there was a recovery with a large amplitude. Looking at the price reaction, we will plan the next step XAUUSD : 🔥
1️⃣ **Fundamental analysis:**
📊Gold rises on tariff concerns, but is under pressure from the Ukraine-Russia ceasefire agreement
🔹Gold prices rise on a weaker USD and increased demand for safe-haven, as concerns about a US economic recession become more evident.
🚀The US market faces risks from Trump's tax policy, Fed interest rates and slowing growth of large technology companies. Weak CPI & PPI data could prompt the Fed to ease policy, creating conditions for gold prices to continue to be supported.
📌 In recent days, trade wars and geopolitics have continuously coordinated the price of gold. Continuous declarations of tax imposition, response and withdrawal have caused the price to fluctuate strongly.
2️⃣ **Technical analysis:**
🔹 **Frame D**: The bullish price structure has not changed. Yesterday's price increase brought momentum to the prospect of gold's increase. However, to break out of the SW zone, we will need strong enough momentum from both news and price structure.
🔹 **Frame H4**: The downtrend has been confirmed when the price reacted strongly in the resistance zone. The price continues to be in the old SW zone. We will have to wait for confirmation from the price structure in this area to predict the trend and wait for the opportunity to establish a position.
🔹 **Frame H1**: The bearish price structure has been established and yesterday was a recovery to the resistance zone. It is too early to say that the price will break through the SW area.
3️⃣ **Trading plan:*
⛔ At the current price range, the price line is likely to SW waiting for today's CPI news. If we have not established a position, we should not FOMO at this time. Because the information given at this time can change at any time and the price line has not been clearly confirmed.
✅ An ideal scenario when the price has a correction to retest the H4 trendline. The upward momentum will be clearer when the price bounces from support. However, yesterday's price increase has not ended yet, so we should wait for the price structure to appear more clearly to place an order.
💪 **Wishing you successful trading!**
XAUUSD , there was a recovery with a large amplitude. Looking at the price reaction, we will plan the next step XAUUSD : 🔥 1️⃣ **Fundamental analysis:**
📊Gold rises on tariff concerns, but is under pressure from the Ukraine-Russia ceasefire agreement
🔹Gold prices rise on a weaker USD and increased demand for safe-haven, as concerns about a US economic recession become more evident.
🚀The US market faces risks from Trump's tax policy, Fed interest rates and slowing growth of large technology companies. Weak CPI & PPI data could prompt the Fed to ease policy, creating conditions for gold prices to continue to be supported.
📌 In recent days, trade wars and geopolitics have continuously coordinated the price of gold. Continuous declarations of tax imposition, response and withdrawal have caused the price to fluctuate strongly.
2️⃣ **Technical analysis:**
🔹 **Frame D**: The bullish price structure has not changed. Yesterday's price increase brought momentum to the prospect of gold's increase. However, to break out of the SW zone, we will need strong enough momentum from both news and price structure.
🔹 **Frame H4**: The downtrend has been confirmed when the price reacted strongly in the resistance zone. The price continues to be in the old SW zone. We will have to wait for confirmation from the price structure in this area to predict the trend and wait for the opportunity to establish a position.
🔹 **Frame H1**: The bearish price structure has been established and yesterday was a recovery to the resistance zone. It is too early to say that the price will break through the SW area.
3️⃣ **Trading plan:*
⛔ At the current price range, the price line is likely to SW waiting for today's CPI news. If we have not established a position, we should not FOMO at this time. Because the information given at this time can change at any time and the price line has not been clearly confirmed.
✅ An ideal scenario when the price has a correction to retest the H4 trendline. The upward momentum will be clearer when the price bounces from support. However, yesterday's price increase has not ended yet, so we should wait for the price structure to appear more clearly to place an order.
💪 **Wishing you successful trading!**
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.