XAUUSD - Trading Analysis

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XAUUSD - Trading AnalysisGold / U.S. DollarFOREXCOM:XAUUSDt10gggTalks between the US and Iran have completely broken down, and tensions are rising again. But the market logic this time is different from before. Oil prices and the US dollar are strengthening, while capital is flowing out of gold. I believe gold prices will trend downward. Next, focus on the support zone of 4660–4700, which will likely be tested on a pullback. If this level holds, a rebound toward 4750–4800 is highly probable. If it breaks below 4660, the next target will be 4550. My strategy is simple: trade short-term, take profits without greed, and follow the trend only after a clear breakout. We are here to make money, not to gamble on the market. Capital safety always comes first. I will update my trading strategy daily. Good luck with your trades!