Still Targeting SELL on XAUUSD: Continues Below Trend Line, Potential for Further Decline! ~ 90% Rebate Exness Everyday

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Still Targeting SELL on XAUUSD: Continues Below Trend Line, Potential for Further Decline!

XAUUSD Analysis

USD Strengthens, GOLD Pressured

Market participants remain optimistic about the positive sentiment from Trump’s policy. The USD continues to strengthen ahead of the U.S. inflation data release tonight. This has been pressuring GOLD to move lower, with China’s disappointing stimulus adding additional negative sentiment for gold.

Staying Below the Trend Line

Gold prices are still moving below the trend line on the H1 time frame, indicating that the downtrend potential remains intact. SELL opportunities are available as long as the price does not break above the downtrend line.

Prediction: WEAK XAUUSD

Trade Plan:

SELL Zone: 2615.44 - 2632.39
Stop Loss: 2656.05
Take Profit 1: 2588.20
Take Profit 2: 2565.43
Take Profit 3: 2542.65