Gold Spot / U.S. Dollar
Short
Updated

XAUUSD Analysis: Potential Bearish Pullback Towards Key Support

617
๐Ÿ“‰ XAUUSD Daily Analysis ๐Ÿ”

๐Ÿšจ Potential for a Bearish Pullback ๐Ÿšจ
Gold (XAUUSD) is showing signs of a potential downward move after rejecting a key resistance level. If this momentum continues, we could see the price heading towards the support zone at 2680/2670.

๐Ÿ’ก Key Insights:
๐Ÿ“Œ Market rejection at resistance = possible bearish momentum.
๐Ÿ“Œ Target support area: 2680/2670.
๐Ÿ“Œ Risk Management: Stick to 1-2% risk on trades.

โš ๏ธ Historical Note:
When the market last hit an all-time high, it saw a sharp one-day drop. Stay cautious!

๐Ÿ’ฌ Disclaimer: This is for educational purposes only. Always trade responsibly and manage your risk effectively.

Trade active
๐ŸŒŸ Gold Prices Shine as Safe-Haven Demand Rises Amid Trade Uncertainty ๐Ÿ“ˆ

โž  Goldโ€™s Breakout: ๐Ÿ’ฐ With prices surging past $2,726.30, a bullish trend is in full swing! ๐Ÿš€ If momentum continues, we could see a test of the all-time high at $2,790.17. โšก But keep an eye on the ๐ŸŸข U.S. dollar and possible rate hike expectations from the Federal Reserve, which may act as resistance.

โž  What to Watch: ๐Ÿ‘€ Traders should focus on upcoming U.S. economic data like housing stats ๐Ÿ  and PMI ๐Ÿ“Š, as well as any updates on Trumpโ€™s trade policies ๐ŸŒ. These could spark major moves in gold prices!

โž  Tariff Talk: ๐Ÿ›‘ President Trumpโ€™s floated 25% tariff on imports from Mexico ๐Ÿ‡ฒ๐Ÿ‡ฝ and Canada ๐Ÿ‡จ๐Ÿ‡ฆ temporarily lifted the dollar ๐Ÿ’ต, but gold held its ground as a safe-haven choice, thanks to lingering trade worries. ๐Ÿ›ก๏ธ
Note
ready for gold market start soon
Note
snapshot


Gold has been performing perfectly in line with the trend, delivering an impressive 500 pips so far. I hope youโ€™ve gained valuable insights and benefited from this analysis. As always, my goal is to provide you with the best setups and guidance. Your continued support means everythingโ€”letโ€™s keep moving forward together!

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.