Gold (XAU/USD) Bullish Channel

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The XAU/USD pair on the H1 timeframe presents a potential Buying opportunity due to a recent Formation of a well-defined Channel Pattern. This suggests a shift in momentum towards the upside in the coming Hours.

Key Points:

Buy Entry: Consider entering a Long position around close to the Channel. This offers an entry point near the perceived shift in momentum.

Target Levels:
1st Support – 2709
2nd Support – 2729


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交易進行

Take Entry now

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Upcoming High Impact News :

USD - Core Consumer Price Index

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IN Good Profit

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Today 𝐇𝐢𝐠𝐡 𝐈𝐦𝐩𝐚𝐜𝐭 𝐍𝐞𝐰𝐬 :
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15 小時前

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Fundamental Updates : 🥇
1️⃣. Gold hits its highest level since Dec. 12 because U.S. inflation was lower than expected.
2️⃣. This scenario increased chances of two Federal Reserve Rate cuts this year, with the first likely in June.

Donald Trump's policies, like trade tariffs, might increase inflation, which also supports gold prices.