XAUUSD Wait for SELL Opportunity, Watch for SUPPORT Breakout! ~ 90% Rebate Exness Everyday

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XAUUSD Wait for SELL Opportunity, Watch for SUPPORT Breakout!

XAUUSD Analysis

Market Awaits US Labor 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 due on Friday.

Watch the Support Area

The price remains steady. A SELL opportunity may arise if the price breaks below the support area identified on the H1 timeframe.

Forecast: WEAK XAUUSD

Trading Plan

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

Keep an eye on key levels and maintain a disciplined risk management strategy. Stay cautious and adapt to any significant market developments.