Still Looking for BUY Opportunities on XAUUSD: UP TRENDLINE VALID in H1 Time Frame! ~ 90% Rebate Exness Everyday

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Still Looking for BUY Opportunities on XAUUSD: UP TRENDLINE VALID in H1 Time Frame!

XAUUSD Analysis

Fed Minutes Show Hawkish Stance

Gold prices initially moved higher as U.S. private sector employment data showed a decline. However, a correction occurred after the Fed minutes revealed a hawkish stance, signaling that the Fed would remain cautious in implementing interest rate cuts.

Up Trendline in H1 Time Frame

The price is currently trading above an uptrend line visible on the H1 time frame. A buy signal confirmation can still be sought if the price retraces to this trendline area.

Prediction: STRONG XAUUSD

Trade Plan:

Buy Area: 2638.53 - 2630.92
Stop Loss (SL): 2611.95
Take Profit Targets (TP):
- TP1: 2657.52
- TP2: 2679.49
- TP3: 2701.66

Monitor the trendline and price action closely to confirm entries. Manage risk appropriately, and happy trading!