Fundamental Analysis

• Gold rises on growing uncertainty, hitting an all-time high
• Gold continues its climb along the conversion line, with moving averages forming a perfect order.

XAUUSD Technical Analysis

Analyzing the daily chart of gold: Gold has surged to around 3,060USD, marking a new record high. As market uncertainty increases, funds are flowing into gold as a safe haven. A perfect order has formed in the moving averages, indicating a stable uptrend.

The ADX stands at 39, and the +DI is starting to rise again. With the Trump tariff announcement looming, the market is increasingly on edge. As uncertainty grows, gold tends to attract more buying interest.

Day trading strategy (1 hour)

Analyzing the 1-hour chart of gold: Gold has broken above the 3,035USD level and is once again in an upward trend. The buying pressure appears to be driven more by fundamentals than technicals. The widening gap between the moving averages is also a signal of bullish momentum.

Although the day trading strategy is challenging, buying on dips is preferred. Consider entering a long position near 3,030USD, take profit after a certain rise, and set a stop-loss below 3,025USD.

Support/Resistance lines

Key support and resistance lines to consider:

• 3,100USD – Psychological milestone
• 3,000USD – Round number

Market Sentiment

XAUUSD: Sell: 66% / Buy: 34%

Today’s important economic indicators

*Trading advice in this article is not provided by Milton Markets, but by Shu Fujiyasu Jr., a certified technical analyst.