XAUUSD Continues to Seek SELL: Bearish Rising Wedge Pattern Confirmed ~ 90% Rebate Exness Everyday

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XAUUSD Continues to Seek SELL: Bearish Rising Wedge Pattern Confirmed

XAUUSD Analysis

Market Awaits Catalysts, Gold Under Pressure

The market is awaiting new catalysts, including next week's economic data, which is expected to influence the Fed's interest rate decisions for 2025. Additionally, the upcoming inauguration of Donald Trump as the U.S. president is anticipated to impact inflation, likely pushing it higher.

Bearish Wedge on H1

Price remains capped below the resistance level after the confirmation of a bearish rising wedge pattern on the H1 timeframe. A confirmed sell signal can be sought if a pullback to the resistance area occurs.

Prediction: WEAK XAUUSD

Trade Plan

SELL AREA: 2617.76 - 2627.14
STOP LOSS (SL): 2642.64
TAKE PROFIT (TP):
- TP1: 2603.40
- TP2: 2583.58
- TP3: 2563.31

Always apply proper risk management and remain cautious of unexpected market events.

Good luck with your trades!