90% Rebate Exness Everyday

Master IB Exness High Level Briliant - 90% Rebate Exness automatic transfer to account trading every day!!

Algeria, Angola, Antigua and Barbuda, Argentina, Armenia, Aruba, Azerbaijan, Bahrain, Bangladesh, Belize, Benin, Bhutan, Bolivia, Botswana, Brazil, Brunei, Burkina Faso, Burundi, Cambodia, Cameroon, Cape Verde, Chad, Chile, China, Colombia, Comoros, Costa Rica, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Georgia, Ghana, Grenada, Guatemala, Guernsey, Guinea, GuineaBissau, Guyana, Honduras, Hong Kong, India, Indonesia, Isle of Man, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Kenya, Kuwait, Kyrgyzstan, Laos, Lebanon, Lesotho, Liberia, Libya, Macau, Madagascar, Malawi, Maldives, Mauritania, Mexico, Moldova, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Namibia, Nauru, Nepal, Niger, Nigeria, Oman, Pakistan, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Qatar, Republic of the Congo, Rwanda, Saint Kitts and Nevis, Saint Lucia, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Sierra Leone, Solomon Islands, South Africa, Sri Lanka, Suriname, Swaziland, Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Uganda, United Arab Emirates, Uzbekistan, Venezuela, Vietnam, Zambia, Zimbabwe
Home » » Sell Opportunity for XAUUSD: Held Back by Down Trendline

Sell Opportunity for XAUUSD: Held Back by Down Trendline

 


XAUUSD Analysis

  • US Jobless Claims Increased, CPI Also Rose
    Yesterday, gold prices climbed after U.S. jobless claims rose to 258,000 from 230,000. On the other hand, the CPI showed an increase, reinforcing expectations that the Fed might only cut interest rates by 25 basis points next month. This combination of data temporarily prevented the USD from weakening further.

  • Held Back by Down Trendline
    The rise in gold prices has been limited by the downtrend line visible on the H1 time frame. Today's sell opportunity can still be found around this trendline area.

Prediction:

  • WEAK XAUUSD

Trade Plan:

  • Sell Area: 2633.75 - 2642.22
  • Stop Loss (SL): 2655.00
  • Take Profit (TP1): 2621.76
  • Take Profit (TP2): 2605.75
  • Take Profit (TP3): 2589.50
Share: