XAUUSD Could Continue SELL: Pullback Fails to Break Above Trendline ~ 90% Rebate Exness Everyday

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XAUUSD Could Continue SELL: Pullback Fails to Break Above Trendline

XAUUSD Analysis

Gold Declines Alongside Strengthening US Treasury Yields

Gold prices have corrected amid a stronger USD and rising US Treasury yields, despite unexpectedly weak US non-farm payrolls data last Friday. Markets are now focused on the upcoming US presidential election results and the Fed's interest rate decision this week.

Still Below Trendline

The recent pullback failed to bring the price back above the uptrend line that was broken on the H1 timeframe. Therefore, today's intraday bias remains bearish.

Forecast: WEAK XAUUSD

Trade Plan:

SELL AREA: 2733.99 - 2746.41
SL: 2765.43
TP1: 2716.87
TP2: 2692.08
TP3: 2666.90