XAUUSD Still Has SELL Potential: Head and Shoulders Pattern Holds ~ 90% Rebate Exness Everyday

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XAUUSD Still Has SELL Potential: Head and Shoulders Pattern Holds

XAUUSD Analysis

Fed Holds Interest Rates

The Federal Reserve has maintained interest rates at 4.5%, but there was no significant movement in the dollar index. Gold prices initially weakened yesterday but rebounded after the interest rate announcement. Earlier, gold approached its all-time high after former President Trump suggested that interest rates should be lowered.

Head and Shoulders Pattern Still Holds on H1

A Head and Shoulders pattern is visible on the H1 timeframe for XAUUSD. A pullback to the neckline area is occurring again, which can still be utilized to look for SELL signal confirmations.

Prediction: XAUUSD WEAK

Trade Plan:

🔻 SELL AREA: 2759.96 - 2769.41

🔻 Stop Loss (SL): 2790.16

✅ Take Profit Targets:

TP1: 2741.53
TP2: 2716.25
TP3: 2688.38