XAUUSD H1: What is happening to GOLD?

Technical analysis:

The price line is still showing a continued uptrend, important levels are broken and ready for a new ETH GOLD peak! 2 important price zones in the current uptrend are 2934, 2942.

Gold investors all see that gold has a strong upward trend, reaching 2940 USD/oz from October 2023 to present, surpassing the resistance of 2000 USD, showing a strong upward trend. However, if we consider the movements, gold has increased 4 times per week and there is a high possibility that there will be an adjustment in this sensitive area.

If we consider the cycle, gold in the monthly frame is still in the same upward phase as the quarterly frame, but currently we see that gold has increased for 27 months, corresponding to enough time for a monthly increase phase.

Fundamental Analysis

Gold prices were flat in the first session of the week as investors awaited further details on US President Donald Trump's tariff plans, which could escalate global trade tensions.

Senior Trump administration officials will begin peace talks with Russia and Ukraine in Saudi Arabia in the coming days, which is news that many investors are interested in. Gold has been seen as a safe haven asset during the recent period when geopolitical tensions have escalated.

xauusd_rr

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xauusd_rr

🔰 Free signals (85% winrate)
🔰 Free knowledge
🔰 Update news continuously!

Telegram: t.me/sphyntrading

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