Check Potential SELL XAUUSD: UP TRENDLINE BROKEN! ~ 90% Rebate Exness Everyday

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Check Potential SELL XAUUSD: UP TRENDLINE BROKEN!

XAUUSD Analysis

Sell-off Triggers Correction

The sell-off triggered by market participants for profit-taking has led to a correction in gold prices. Gold weakened by more than 1% yesterday.

Up Trendline Broken

The uptrend line visible on the H1 time frame has been broken. A pullback to the resistance area below the trendline presents an opportunity to look for sell signal confirmations.

Prediction: WEAK XAUUSD

Trade Plan

SELL AREA: 2740.51 - 2752.26
Stop Loss (SL): 2774.16
Take Profit (TP):
- TP1: 2719.88
- TP2: 2691.88
- TP3: 2663.46

Stay cautious, follow your trading plan, and manage your risk effectively. Good luck trading!