Look for SELL Opportunities on XAUUSD Today! UP TRENDLINE BROKEN! ~ 90% Rebate Exness Everyday

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Look for SELL Opportunities on XAUUSD Today! UP TRENDLINE BROKEN!

XAUUSD Analysis

Profit Taking Drives Gold Correction

Gold prices dropped by over 1%, influenced by profit-taking activities by market participants ahead of next week's Fed interest rate announcement.

Up Trendline Broken

The previously intact uptrend line has been broken, shifting the intraday bias to bearish. Monitor the ex-trendline area to confirm a potential sell signal if a pullback occurs.

Prediction: WEAK XAUUSD

Trade Plan:

Sell Area: 2694.70 - 2706.48
Stop Loss (SL): 2728.43
Take Profit (TP):
- TP1: 2672.33
- TP2: 2645.46
- TP3: 2619.44

Stay cautious and follow your trading strategy!