XAU#15:Gold Price Hits Record High–How to Profit From This Trend
💎 💎 💎 So gold has hit 2900 and beyond. Prices continue to rise. Let's plan the next trade XAUUSD : 💎 💎 💎
1️⃣ **Fundamental analysis:** —————————————————————————————————————————— ⚫US President Donald Trump's new tariff plan has raised concerns about a trade war, causing investors to flock to safe-haven assets. Gold prices rose to a record $2,900/ounce, while silver prices also surpassed 32/ounce. ⚫Trump announced a 25% tariff on imported steel and aluminum, and announced reciprocal tariffs on all countries. ⚫This has increased trade tensions and pushed gold prices higher. Analysts say gold still has room to rise amid economic uncertainty and Trump's unpredictable trade policies. ⚫Global gold demand, especially from China, has also supported gold prices. China increased its gold reserves for the third consecutive month and allowed insurance companies to invest in gold, which could free up billions of dollars in funds. ⚫ However, a sharp rise in XAUUSD prices could make it more expensive for investors ⚫While gold is a safe haven, high interest rates could reduce its appeal. The Federal Reserve remains cautious on monetary policy due to high inflation and the uncertain impact of Trump's tax policies on the economy.
2️⃣ **Technical analysis:** 🔹 **D Frame**: Yesterday closed with a large candle. This appeared at the historical peak, so it is easy to understand why today's opening session we witnessed such strong fluctuations in gold 🔹 **H4 Frame**: The price structure has not changed. The uptrend is still continuing. Although the price is considered too high, the price line still reflects the absolute dominance of the bulls 🔹 **H1 Frame**: The price line has reached the top of the expanded price channel and has reacted. There is a high possibility that there will be a correction to a lower price zone
3️⃣ **Trading plan:** ⛔ The conflict in basic information data over the weekend is clearly reflected in the price line. At the moment, we should wait for price reactions at important support areas to establish positions. ✅ Looking at the price line, the old peak area has been rejected and there is a high possibility that we will have a slight correction to gain momentum to move to a higher price zone. The end of the W candle shows that the uptrend of Gold has not shown any signs of ending. Prioritize trading in line with the main trend.
💪🚀 **Wishing you successful trading!**
Trade ativo
3️⃣ **Trading plan:**
⛔ Although new peaks are continuously being set, it also comes with market fluctuations. Looking at the current price reaction, we can see that the market is running with strong fluctuations, triggering FOMO of young traders. We should not block gold at this time without a clear basis. Avoid predicting peak prices because no one knows how high the price can go and when the uptrend will end
✅ At the moment, we should wait for the price line to be in important support zones to trade in accordance with the trend. Pay attention to waiting for a small frame price structure to enter, but should not FOMO according to price action at this time. You can refer to the price line on the H1 chart
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