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XAUUSD: Monitor SELL Opportunities, Watch Resistance Area!

Analysis of XAUUSD

The gold market remains steady as traders await the release of the US Non-farm Payrolls data later today. This key economic report is expected to significantly influence market sentiment and price movement.

Watch the Resistance Area

Currently, the price of gold is stable, with a pullback observed toward the resistance area. This creates an opportunity to look for sell setups in that zone.

Prediction: WEAK XAUUSD

The bias suggests potential weakness in gold prices, presenting opportunities for short positions.

Trade Plan

SELL Area: 2630.75 - 2641.75
Stop Loss (SL): 2670.56
Take Profit Targets (TP):
- TP1: 2605.92
- TP2: 2570.67
- TP3: 2534.26