XAUUSD Still Holds SELL Opportunities: Price Stays Below Resistance Area ~ 90% Rebate Exness Everyday

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XAUUSD Still Holds SELL Opportunities: Price Stays Below Resistance Area

XAUUSD Analysis

Gold Rises on Safe-Haven Demand

Gold prices climbed yesterday, supported by safe-haven demand amid thin trading volumes following the Christmas holiday. The market is also awaiting signals regarding the U.S. economy under the soon-to-be-inaugurated Trump administration.

Price Remains Below Resistance

Gold remains below the resistance area. A sell signal confirmation can be looked for if there is 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

Stay disciplined with risk management and always monitor price action for confirmation signals before entering a trade. Happy trading!