✅Smart Money Concept
Gold price (XAU/USD) reached a fresh one-month high during Thursday’s Asian session but struggled to sustain momentum above the $2,700 mark. Diminished worries over U.S. President-elect Donald Trump's proposed trade tariffs and the anticipation of two potential Federal Reserve rate cuts this year have fueled positive market sentiment. However, a slight uptick in the U.S. Dollar (USD) has constrained further gains for the safe-haven asset.
SET UP GOLD PRICE:
BUY GOLD zone: $2678.479 - $2673.696 SL $2668.682
TP1: $2684.471
TP2: $2690.235
TP3: $2696.253
SELL GOLD zone: $2719.730 - $2723.622 SL $2729.470
TP1: $2713.175
TP2: $2706.151
TP3: $2699.870
Note:
FrankFx advises traders to manage their capital wisely:
- Adjust the number of lots to match your capital.
- Set Take Profit at 3-6% of your account balance.
- Set Stop Loss at 2-3% of your account balance.