Still Looking to SELL XAUUSD: Bearish Flag Pattern, Targeting Pullback for a Drop! ~ 90% Rebate Exness Everyday

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Still Looking to SELL XAUUSD: Bearish Flag Pattern, Targeting Pullback for a Drop!

XAUUSD Analysis

Interest Rate Cut Signal for Next Year and US Economic Growth Boost

The Fed has officially reduced interest rates by 0.25% to 4.5%. Furthermore, the pace of interest rate decisions for next year is expected to slow down. Alongside this, the latest US economic growth data has shown an increase, keeping the USD strong and exerting downward pressure on GOLD.

Bearish Flag Pattern Identified

On the M30 time frame, the price is forming a bearish flag pattern, indicating a potential continuation of the downtrend. SELL opportunities are available, with pullbacks serving as confirmation for further price declines.

Forecast: WEAK XAUUSD

Trade Plan

SELL Area: 2600.83 – 2607.35
Stop Loss (SL): 2616.49
Take Profit (TP):
- TP1: 2590.31
- TP2: 2580.28
- TP3: 2570.56