Rising global geopolitical risks and economic uncertainty have triggered a flight to safety, boosting demand for safe-haven assets. Spot Gold (XAUUSD) has received a surge in capital inflows, breaking major local resistance levels. Our trading algorithm has generated a SELL alert on Gold at 4032.
Safe-haven flows create strong, directional trends in gold. Chasing these trends can be risky, which is why we enter at key pivot confluence areas like 4032 where pullbacks are likely to end. Our stop loss is set at 4042 to mitigate downside risk.
We are targeting major extension levels for our take profits: TP1 at 4022, TP2 at 4012, and final extension TP3 at 4002. Practice strict risk management during high-impact news days.