XAUUSD Looking for Another SELL! Still HOLDING at the Down Trendline! ~ 90% Rebate Exness Everyday

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XAUUSD Looking for Another SELL! Still HOLDING at the Down Trendline!

XAUUSD Analysis

USD Corrects, Russia-Ukraine Tensions Escalate

Gold prices rose as the USD corrected and tensions between Russia and Ukraine intensified. This follows President Joe Biden's statement about the U.S. providing Ukraine with long-range missiles to penetrate deeper into Russian territory.

Correction to the Down Trendline Area

A pullback has occurred to the down trendline area visible on the H1 time frame. Selling opportunities can still be explored in this trendline area.

Forecast: WEAK XAUUSD

Trade Plan:

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