🔔🔔🔔Gold news:#XAUUSD #goldtrading
➡️ Rising U.S.-China trade tensions and persistent geopolitical risks are expected to continue supporting gold as a safe-haven asset.
➡️ Meanwhile, the initial positive market reaction to U.S. Economic data on Thursday quickly faded amid concerns growing over the country's deteriorating fiscal outlook.
➡️ Additionally, increased bets that the Federal Reserve will cut interest rates further in 2025 have failed to sustain the U.S. Dollar’s previous gains, thereby offering additional support to non-yielding gold. As a result, the XAU/USD pair appears poised to post its strongest weekly gain in over a month, with further upside potential.
Personal opinion:
➡️ Today there is little information that strongly affects the price of gold, so it still maintains its inherent slight upward momentum, and the price of gold remains within the upward trend line.
➡️ Analysis based on important support resistance and Fibonacci levels combined with trend lines to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3276 - 3279
❌SL: 3273 | ✅TP: 3284 - 3289 – 3295
👉Sell Gold 3343 - 3346
❌SL: 3350 | ✅TP: 3339 - 3335 – 3330