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Home » » XAUUSD Still Presents SELL Opportunities! DOWN TRENDLINE Remains VALID!

XAUUSD Still Presents SELL Opportunities! DOWN TRENDLINE Remains VALID!

 


XAUUSD Analysis

Gold is Pressured by USD Strength

Gold prices remain under pressure due to the strengthening USD, as the market continues to assess the impact of Donald Trump's victory and its potential influence on future Fed rate cuts.

Still Below the Down Trendline

Gold prices are still moving below the down trendline, visible on the H1 time frame. Sell opportunities may still arise if there is a pullback to the trendline area.

Prediction: WEAK XAUUSD

Trade Plan:

  • SELL AREA: 2696.22 - 2715.19
  • SL: 2745.50
  • TP1: 2666.72
  • TP2: 2628.62
  • TP3: 2591.94
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