XAU#11: Gold continues to hit new highs but ......
💎 💎 💎 Did you make a profit in the previous article #10? Please like and follow the channel to follow the earliest trading plan. 💎 💎 💎
🔥So FOREXCOM:XAUUSD OANDA:XAUUSD TVC:GOLD has corrected and broken the peak as predicted in analysis #10. Now let's plan the next step:🔥
1️⃣ **Fundamental analysis:**
📊US employment, new orders, and inventory indicators achieved good data.
🔴 Mexican President Sheinbaum previously announced that he had a good meeting with Trump and reached some agreements, the imposition of US tariffs will be postponed for a month.
🔴Trump said the call with Canadian Prime Minister Trudeau went well.
🚀 . The US government deficit is supporting both gold and stocks, but stock returns may have peaked.
📌 Gold continues to be a safe haven asset, attracting more safe haven capital flows
2️⃣ **Technical analysis:**
🔹 **Frame D**: Yesterday's candle showed a very good price reaction at the old peak. If we follow price action, we may see gold continue to set new peaks
🔹 **Frame H4**: The bullish price structure is still maintained. However, we still need to pay attention to guard against price traps. I will analyze the reasons in detail in the trading plan
🔹 **Frame H1**: The bullish trend is clearly shown. There are currently no signs of a structure break
3️⃣ **Trading plan:**
⛔ Looking at the current price structure, we can see that the bulls are completely dominating. However, yesterday's increase has not yet seen distribution to be able to continue to establish a new peak.
✅ In my personal opinion, today we will wait for the price reaction in the 279x area and should not FOMO BUY this peak. The price line has increased continuously although market sentiment has improved thanks to information that Trump's meetings all had good results. We have not seen any correction to gain sustainable momentum. It is likely that it will appear today. This will be an opportunity for us to have a better position than the current price
💪🚀 **Wish you successful trading! **
📌 For any questions, please contact directly. I'm ready to answer you for free
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