XAUUSD Analysis
Fed Rate Cut Becoming More Likely
U.S. inflation data shows no significant increase, strengthening market expectations that the Fed will cut interest rates next week.
Up Trendline Still Valid
The uptrend line remains valid on the M30 time frame. Monitor this trendline area for confirmation of buy signals if a correction occurs to this level.
Prediction: STRONG XAUUSD
Trade Plan:
- Buy Area: 2706.48 - 2695.92
- Stop Loss (SL): 2678.40
- Take Profit (TP):
- TP1: 2724.53
- TP2: 2746.43
- TP3: 2768.64