Check for SELL Opportunity on XAUUSD: Up Trendline BROKEN! ~ 90% Rebate Exness Everyday

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Check for SELL Opportunity on XAUUSD: Up Trendline BROKEN!

XAUUSD Analysis

Gold Correction Ahead of Trump’s Inauguration

Gold prices have been correcting ahead of Donald Trump's inauguration as President of the United States. With expectations for the Federal Reserve to cut rates only twice this year, down from the previous forecast of four hikes, the market will closely monitor Fed policies and inflation data.

Up Trendline Broken

The uptrend line visible on the H1 time frame has been broken, leading to a bearish intraday bias for today. Confirmation for a sell signal can be sought if there is a pullback toward the broken trendline area.

Prediction: WEAK XAUUSD

Trade Plan:

SELL AREA: 2698.19 - 2707.18
Stop Loss (SL): 2727.89
Take Profit Targets (TP):
- TP1: 2678.70
- TP2: 2654.17
- TP3: 2629.10

Stay cautious and use proper risk management for your trades. Happy Trading!