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.
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