XAUUSD Analysis
Gold Pressured by Rising U.S. Bond Yields
Gold prices are under pressure due to the rise in U.S. bond yields. Markets are also awaiting signals on the U.S. economy under the soon-to-be-inaugurated Trump administration. Trump's policies could potentially influence the Federal Reserve's direction in 2025.
Still Held Below Resistance
Gold prices remain constrained below the resistance area. A confirmation for a sell signal can be sought if there is a pullback to this resistance level.
Forecast
Weak XAUUSD
Trading Plan
- SELL AREA: 2628.51 - 2638.61
- STOP LOSS (SL): 2653.97
- TAKE PROFIT (TP):
- TP1: 2614.85
- TP2: 2596.25
- TP3: 2574.51
Keep monitoring U.S. bond yield movements and key announcements from the Trump administration as these could affect gold price movements. Always apply proper risk management to sustain your trading plan.
Happy Trading!