Gold (XAU/USD) Eyeing Breakout Amid Trade War & CPI Data
Gold (XAU/USD) is showing signs of a potential bullish move as it respects the descending trendline and forms a wick near support, indicating buyer presence.
Key Factors:
1️⃣ Gold has reached a key 15-minute resistance level.
2️⃣ Ongoing trade war and tariff uncertainties may drive gold higher as a safe-haven asset.
3️⃣ Price action suggests a possible breakout above the trendline.
4️⃣ U.S. CPI data release today could trigger major volatility—traders should stay alert for a big move.
A break above the resistance zone could open doors for further upside, while a rejection may bring another test of support. Stay cautious and manage risk accordingly!
LMK your opinions in the comments below.
Key Factors:
1️⃣ Gold has reached a key 15-minute resistance level.
2️⃣ Ongoing trade war and tariff uncertainties may drive gold higher as a safe-haven asset.
3️⃣ Price action suggests a possible breakout above the trendline.
4️⃣ U.S. CPI data release today could trigger major volatility—traders should stay alert for a big move.
A break above the resistance zone could open doors for further upside, while a rejection may bring another test of support. Stay cautious and manage risk accordingly!
LMK your opinions in the comments below.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.