XAU/USD Trading suggestions.
**Gold (XAU/USD) Analysis and Trading Suggestions**
**Recent Analysis and News:**
Gold has been on a bullish run, recently hitting a two-month high at **$2,750**. This surge is driven by renewed risk-aversion in the markets due to **President Trump's tariff threats**. The price is now approaching the **record high of $2,790**. The 14-day RSI is near **67**, indicating strong bullish momentum. However, there's a potential support level at **$2,700**, below which the 21-day SMA at **$2,666** could come into play.
**Trading Suggestions:**
1. **Continuation Trade:** If Gold breaks above **$2,750** and sustains this level, consider going long with a target near **$2,790**. Keep an eye on the **50-day and 100-day SMAs** for additional support.
2. **Short Trade:** If Gold fails to break **$2,750** and drops below **$2,700**, consider shorting with a target near **$2,666** (21-day SMA). Watch for any reversal patterns around this level.
As always stay informed and manage your risk properly.
**Recent Analysis and News:**
Gold has been on a bullish run, recently hitting a two-month high at **$2,750**. This surge is driven by renewed risk-aversion in the markets due to **President Trump's tariff threats**. The price is now approaching the **record high of $2,790**. The 14-day RSI is near **67**, indicating strong bullish momentum. However, there's a potential support level at **$2,700**, below which the 21-day SMA at **$2,666** could come into play.
**Trading Suggestions:**
1. **Continuation Trade:** If Gold breaks above **$2,750** and sustains this level, consider going long with a target near **$2,790**. Keep an eye on the **50-day and 100-day SMAs** for additional support.
2. **Short Trade:** If Gold fails to break **$2,750** and drops below **$2,700**, consider shorting with a target near **$2,666** (21-day SMA). Watch for any reversal patterns around this level.
As always stay informed and manage your risk properly.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.