XAUUSD Analysis
Geopolitical Tensions and Fed Signals
Gold prices have risen amid escalating geopolitical tensions, particularly the Russia-Ukraine conflict involving North Korea and the United States. Meanwhile, the market awaits critical signals from the Federal Reserve regarding future interest rate directions.
Stuck in Resistance Area
On the H1 timeframe, Gold has once again encountered a significant resistance area. Additionally, a major trendline continues to uphold the bearish bias, reinforcing the weak outlook for XAUUSD.
Prediction: WEAK XAUUSD
Trade Plan
- SELL Area: 2635.93 – 2650.60
- Stop Loss (SL): 2677.17
- Take Profit (TP):
- TP1: 2611.51
- TP2: 2578.64
- TP3: 2545.82