XAUUSD Look for SELL Again: Pullback HELD at RESISTANCE AREA! ~ 90% Rebate Exness Everyday

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XAUUSD Look for SELL Again: Pullback HELD at RESISTANCE AREA!

XAUUSD Analysis

US PCE Data Slows

The USD corrected after the US PCE price index showed an increase of only 0.1% in November, down from October’s 0.2%. Gold prices rebounded after previously dropping due to expectations that the Fed would cut interest rates only twice next year.

Still Held Below Resistance

The price remains constrained below the resistance area. A confirmed sell signal can be sought if there’s a pullback to this resistance zone.

Prediction: Weak XAUUSD

Trade Plan

SELL AREA: 2628.51 – 2638.61
STOP LOSS (SL): 2653.97
TAKE PROFIT (TP):
- TP1: 2614.85
- TP2: 2596.25
- TP3: 2574.51