XAUUSD Remains Strong for SELL! Pullback Nearing Downtrend Line ~ 90% Rebate Exness Everyday

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XAUUSD Remains Strong for SELL! Pullback Nearing Downtrend Line

XAUUSD Analysis

Fed's Stance on Rate Cuts

The market expects the Federal Reserve to refrain from aggressive interest rate cuts in the coming months and the early part of 2025. Economists also predict that policies under Trump will likely drive inflation, prompting the Fed to hold back on reducing rates.

Pullback Nearing Downtrend Line

On the H1 timeframe, a pullback is approaching the downtrend line area. This creates opportunities for sell setups if the price moves closer to the trendline.

Prediction: 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