XAUUSD Still Holds SELL Potential! BEARISH RISING WEDGE Confirmed! ~ 90% Rebate Exness Everyday

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XAUUSD Still Holds SELL Potential! BEARISH RISING WEDGE Confirmed!

XAUUSD Analysis

USD Strength Pressures Gold

Gold prices remain under pressure due to profit-taking and a strengthening USD. The market continues to monitor U.S. economic data this week, with the highlight being the U.S. non-farm payrolls report set for release on Friday.

Bearish Rising Wedge Confirmed

A bearish rising wedge pattern has been confirmed on the H1 time frame. A pullback to the lower line of this pattern provides a potential sell opportunity.

Outlook: WEAK XAUUSD

Trade Plan

Sell Area: 2628.10 – 2645.36
Stop Loss: 2670.56
Take Profit Targets:
- TP1: 2605.92
- TP2: 2570.67
- TP3: 2534.26

Stay disciplined and manage risk effectively when executing your trades!