XAUUSD : Gold will increase due to middle east politics

Gold's upward momentum is still maintained but the price has not yet been able to return to the $2,400 threshold

Gold prices are currently maintaining their upward momentum and are trading around $2,380 despite the strength of the greenback.

Gold prices increased slightly at the end of the US session yesterday after a hawkish speech by Fed Chairman Jerome Powell. Along with that, the fact that US retail sales are also remaining at a high level has caused the USD to continue to increase in price and somewhat limited the rise of precious metals. XAU/USD is currently trading around $2,380, with closest support located at the April 12 bottom around $2,343, below the psychological threshold of $2,300.

Trade active:

Buy 2378 - 2380

TP : 2385
TP2 : 2390

SL 2370

Buy Litmit 2373 - 2375

TP : 2380
TP2 : 2385

SL 2365

Comment:

Entry buy limit hit TP1 70 pips 🪙🪙🪙

Comment:

Entry buy limit hit TP1 120 pips 🪙🪙🪙
Entry Buy 78 Hit TP 1 70 pips

Comment:

Entry buy limit hit TP3 170 pips 🪙🪙🪙
Entry Buy 78 Hit Full TP 120 pips 🪙🪙🪙