XAUUSD Still in the SELL Zone: Stuck in Resistance Area! ~ 90% Rebate Exness Everyday

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XAUUSD Still in the SELL Zone: Stuck in Resistance Area!

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