Gold Spot / U.S. Dollar
Long
Updated

GOLD IS GOING BULLISH ALLOW IT TO TOUCH LINE 2719.730

155
✅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.
Trade active
Xauusd has reached 2719.730 as predicted and now dropping so selling now activated , Use money money management

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.