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 4061.
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 4061 where pullbacks are likely to end. Our stop loss is set at 4077 to mitigate downside risk.
We are targeting major extension levels for our take profits: TP1 at 4051, TP2 at 4031, and final extension TP3 at 4011. Practice strict risk management during high-impact news days.