Gold Spot / U.S. Dollar
Long
Updated

XAUUSD:Sharing of the Trading Strategy for Next Week

278
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Fundamental Analysis:
Geopolitical conflicts in the Middle East continue to escalate, with intense clashes between Israel and Iran driving gold prices higher. However, Federal Reserve officials have recently sent frequent hawkish signals, emphasizing the need to maintain interest rates to control inflation and downplaying expectations of rate cuts. Additionally, U.S. trade agreements with multiple nations are gradually being finalized, which could potentially provide bearish momentum for gold at any time. Overall, gold is trending to rise first and then fall.

Technical Analysis:
The 4-hour chart shows gold steadily advancing within an ascending channel, with strong bullish momentum. Resistance is near 3,450, while support currently stands at 3,400. However, it is important to note that after a short-term rapid rally, prices may need a pullback for correction.

Trading Recommendations:
Aggressive traders may initiate light long positions near 3,400–3,410, targeting 3,450; if this level is broken, extend the target to 3,470–3,475. If prices face resistance near 3,450 during upward attempts, consider light short positions.

Trading Strategy:
buy@3400-3410
TP:3450-3470

sell@3460-3450
TP:3420-3400

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Trade closed: target reached
As I analyzed, gold began to pull back after rising to around 3450 in the Asian session. It has now broken through 3400.

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