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

XAUUSD CONTINUES TARGETING SELL! STILL STAYING BELOW THE DOWN TRENDLINE!

XAUUSD Analysis

Gold Continues Decline as USD Strengthens

Gold prices remain weak as the USD strengthens and U.S. Treasury yields rise, following inflation data in line with market expectations. The U.S. Department of Labor reported that inflation hasn't significantly slowed, fueling expectations that the Fed may limit rate cuts next year.

Still Below the Down Trendline

Gold prices are still moving below the down trendline on the H1 time frame. Selling opportunities may arise if there’s a pullback toward this trendline area.

Prediction: WEAK XAUUSD

Trade Plan:

SELL AREA: 2611.68 - 2633.15
Stop Loss (SL): 2661.70
Take Profit (TP1): 2581.18
Take Profit (TP2): 2543.04
Take Profit (TP3): 2507.78

90% Rebate Exness Everyday