XAUUSD: Looking for SELL Opportunities Early This Week! Bearish Rising Wedge Pattern Identified! ~ 90% Rebate Exness Everyday

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XAUUSD: Looking for SELL Opportunities Early This Week! Bearish Rising Wedge Pattern Identified!

XAUUSD Analysis

Profit-Taking Pressures Gold Prices

Gold prices are under pressure due to profit-taking activities and news of a ceasefire agreement in the Middle East between Israel and Hezbollah.

Bearish Rising Wedge Pattern

On the H1 timeframe, a Bearish Rising Wedge pattern is visible. This pattern indicates a potential downside move, providing an opportunity to look for SELL positions near the lower boundary of the wedge.

Forecast: Weak XAUUSD

Trade Plan:

SELL Area: 2628.10 – 2645.36
Stop Loss (SL): 2670.56
Take Profit (TP):
- TP1: 2605.92
- TP2: 2570.67
- TP3: 2534.26

Algeria ● Angola ● Antigua and Barbuda ● Argentina ● Armenia ● Aruba ● Azerbaijan ● Bahrain ● Bangladesh ● Belize ● Benin ● Bhutan ● Bolivia ● Botswana ● Brazil ● Brunei ● Burkina Faso ● Burundi ● Cambodia ● Cameroon ● Cape Verde ● Chad ● Chile ● China ● Colombia ● Comoros ● Costa Rica ● Djibouti ● Dominica ● Dominican Republic ● East Timor ● Ecuador ● Egypt ● El Salvador ● Equatorial Guinea ● Eritrea ● Ethiopia ● Gabon ● Gambia ● Georgia ● Ghana ● Grenada ● Guatemala ● Guernsey ● Guinea ● GuineaBissau ● Guyana ● Honduras ● Hong Kong ● India ● Indonesia ● Isle of Man ● Jamaica ● Japan ● Jersey ● Jordan ● Kazakhstan ● Kenya ● Kuwait ● Kyrgyzstan ● Laos ● Lebanon ● Lesotho ● Liberia ● Libya ● Macau ● Madagascar ● Malawi ● Maldives ● Mauritania ● Mexico ● Moldova ● Mongolia ● Montenegro ● Montserrat ● Morocco ● Mozambique ● Namibia ● Nauru ● Nepal ● Niger ● Nigeria ● Oman ● Pakistan ● Panama ● Papua New Guinea ● Paraguay ● Peru ● Philippines ● Qatar ● Republic of the Congo ● Rwanda ● Saint Kitts and Nevis ● Saint Lucia ● Sao Tome and Principe ● Saudi Arabia ● Senegal ● Serbia ● Sierra Leone ● Solomon Islands ● South Africa ● Sri Lanka ● Suriname ● Swaziland ● Taiwan ● Tajikistan ● Tanzania ● Thailand ● Togo ● Tonga ● Trinidad and Tobago ● Tunisia ● Turkey ● Turkmenistan ● Uganda ● United Arab Emirates ● Uzbekistan ● Venezuela ● Vietnam ● Zambia ● Zimbabwe