XAUUSD SELL OPPORTUNITY: BULLISH TRENDLINE BROKEN! ~ 90% Rebate Exness Everyday

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XAUUSD SELL OPPORTUNITY: BULLISH TRENDLINE BROKEN!

XAUUSD Analysis

Correction Due to Profit Taking

Gold prices have fallen to their lowest level in over a week as market participants took profits after reaching an all-time high the previous day. However, uncertainties remain due to the ongoing trade war initiated by the United States.

Bullish Trendline Broken

On the H1 time frame, the price has broken below the bullish trendline. A pullback to the resistance area presents an opportunity to look for sell confirmation signals.

Prediction: WEAK XAUUSD

Trade Plan

SELL AREA: 2916.20 - 2931.99
STOP LOSS (SL): 2957.48
TAKE PROFIT (TP):
- TP1: 2892.02
- TP2: 2859.03
- TP3: 2825.25

Trade wisely and apply proper risk management! 🚀