XAUUSD : Trading Plan Today
⭐️ Market Summary:
✅ Spot gold (XAU/USD) hit a new ATH at $2,954 before plunging sharply to the $2,920s zone.
✅ Trade war fears between the U.S. and major economies continue to drive volatility.
✅ The U.S. Treasury Secretary provided positive signals regarding U.S.-Russia relations and the gold reserve strategy.
✅ Geopolitical tensions in Russia-Ukraine and the Middle East remain high.
⭐️ Trading Plan:
On the H1 chart, gold has started to decline and is currently reacting to the EMA 34-89.
If the price breaks below $2,920, a short-term downtrend may be confirmed.
It's Friday, so consider reducing trading volume to manage risk.
⭐️ Key Levels to Watch:
📌 BUY ZONES: $2,915 - $2,920, $2,875 - $2,880
📌 SELL ZONE: $2,980 - $2,985
🚀 Wishing everyone a successful trading session!
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