XAUUSD Still Looking for SELL Today: Down Trendline in M30 Time Frame! ~ 90% Rebate Exness Everyday

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XAUUSD Still Looking for SELL Today: Down Trendline in M30 Time Frame!

XAUUSD Analysis

Market Awaits Fed Interest Rate Decision

The market is currently anticipating the Fed's interest rate decision this week. The Fed is expected to cut interest rates by 25 basis points, which is seen as a modest move considering inflation has not slowed significantly.

Down Trendline Identified in M30 Time Frame

A downtrend line is visible on the M30 time frame, with the price moving below this trendline. A confirmation for a sell signal can be sought if the price pulls back to the area near this trendline.

Prediction: WEAK XAUUSD

Trade Plan

SELL AREA: 2658.92 - 2668.66
Stop Loss (SL): 2680.10
Take Profit Targets (TP):
- TP1: 2647.59
- TP2: 2630.84
- TP3: 2615.46