XAUUSD: Potential SELL Opportunity as Price Stalls at Resistance ~ 90% Rebate Exness Everyday

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XAUUSD: Potential SELL Opportunity as Price Stalls at Resistance

XAUUSD Analysis

Market Focus on Trump's Policies

Analysts predict that the factors supporting gold price strength in 2024 may continue into 2025. However, they will closely monitor Donald Trump's future policies as U.S. president, which could spark inflation and slow the Federal Reserve's rate-cutting trajectory.

Resistance Holds Strong

Gold prices remain stalled in the resistance area on the H1 timeframe. A confirmation for a sell signal can be sought around this resistance zone.

Forecast: Weak XAUUSD

Trade Plan:

Sell Area: 2630.34 - 2637.20
Stop Loss (SL): 2642.64
Take Profit (TP):
- TP1: 2625.44
- TP2: 2615.26
- TP3: 2605.55

Keep an eye on key resistance levels, and ensure to use proper risk management for a successful trade setup. Happy trading!