XAUUSD BUY Opportunity: Testing the PSYCHOLOGICAL RESISTANCE ~ 90% Rebate Exness Everyday

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XAUUSD BUY Opportunity: Testing the PSYCHOLOGICAL RESISTANCE

XAUUSD Analysis

US Core Inflation Declines

Gold prices rose after US core inflation data came in lower than expected. This data is seen as a sign of easing inflationary pressures and revives expectations that the Federal Reserve's rate-cutting cycle may not be over.

Testing Psychological Resistance

Gold prices are currently testing the psychological resistance area around 2700. A breakout above this resistance has the potential to push gold prices even higher.

Forecast: STRONG XAUUSD

Trade Plan:

BUY AREA: 2699.55 - 2712.55
Stop Loss (SL): 2673.55
Take Profit (TP):
- TP1: 2735.12
- TP2: 2769.87
- TP3: 2803.61