Get Ready to Look for BUY Opportunities on XAUUSD Again: PSYCHOLOGICAL RESISTANCE BROKEN! ~ 90% Rebate Exness Everyday

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Get Ready to Look for BUY Opportunities on XAUUSD Again: PSYCHOLOGICAL RESISTANCE BROKEN!

XAUUSD Analysis

US Core Inflation Declines

Gold prices surged to their highest levels in over a month after the latest US economic data further pressured Treasury yields. The weaker-than-expected core inflation data fueled market expectations for a more dovish Federal Reserve policy.

Psychological Resistance Broken

The psychological resistance around the 2700 level has been breached, turning it into a new support area. A buy signal confirmation can be sought in this newly formed support zone.

Prediction: STRONG XAUUSD

Trade Plan

BUY AREA: 2712.55 - 2699.55
STOP LOSS (SL): 2673.55
TAKE PROFIT (TP):
- TP1: 2735.12
- TP2: 2769.87
- TP3: 2803.61

Stay disciplined with your trade management and follow your risk management rules. Happy trading!