XAUUSD: Looking for Another SELL! Pullback Stops at RESISTANCE AREA ~ 90% Rebate Exness Everyday

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XAUUSD: Looking for Another SELL! Pullback Stops at RESISTANCE AREA

XAUUSD Analysis

US Inflation Aligns with Expectations, No Signs of Easing

Gold prices experienced a temporary rise following the release of the US PCE data, which indicated that inflation has not slowed further. This reinforced market expectations that the Federal Reserve might cut interest rates next month. Meanwhile, geopolitical developments in the Middle East have limited Gold’s upward movement.

Pullback to Resistance Area

The price pullback has reached a resistance area identified from a former uptrend line visible on the H1 timeframe. This offers an opportunity to seek Sell entries within this resistance zone.

Prediction: WEAK XAUUSD

Trade Plan

SELL AREA: 2650.84 – 2667.61
Stop Loss (SL): 2693.95
Take Profit (TP):
- TP1: 2627.94
- TP2: 2592.97
- TP3: 2557.04