🔔🔔🔔 Gold News: #XAUUSD

➡️ It is expected that the escalating trade tensions between the United States and China, along with ongoing geopolitical risks, will continue to support gold as a safe-haven asset.

➡️ Meanwhile, the initial positive market reaction to the U.S. economic data on Thursday quickly faded amid growing concerns about the country's deteriorating financial outlook.

➡️ Additionally, increasing bets that the Federal Reserve will further cut interest rates in 2025 failed to sustain previous gains in the U.S. dollar, providing additional support for non-yielding gold. As a result, the XAU/USD pair appears set to achieve its strongest weekly gains in over a month, with the potential for further increases.

Personal Opinion:

➡️ There is little information today that strongly impacts the price of gold, so it still maintains its slight inherent upward momentum, with the gold price remaining within the upward trendline.

➡️ Analysis based on important support and resistance levels and Fibonacci levels alongside trend lines to arrive at an appropriate strategy.

Personal Plan:

🔆 Setting the price area:

👉 Buy gold 3276 - 3279

❌ Stop loss: 3273 | ✅ Take profit: 3284 - 3289 - 3295

👉 Sell gold 3343 - 3346

❌ Stop loss: 3350 | ✅ Take profit: 3339 - 3335 - 3330