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Home » » XAUUSD Still Looking for SELL Opportunities! Prices Remain in the Resistance Area

XAUUSD Still Looking for SELL Opportunities! Prices Remain in the Resistance Area

XAUUSD Analysis

Market Awaits U.S. Economic Data

Gold prices remain stable as the market closely monitors U.S. economic data this week, with the highlight being the U.S. non-farm payrolls report set to be released on Friday.

Bearish Rising Wedge Still Intact

The bearish rising wedge pattern is still visible on the H1 timeframe. The price is currently moving within the resistance area that aligns with the lower boundary of this wedge. This presents potential sell opportunities for traders.

Forecast: WEAK XAUUSD

Trading Plan

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