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Still a SELL Opportunity for XAUUSD: Resistance Holds Strong

 

XAUUSD Analysis

Gold Price Remains Stable

Gold prices are still moving steadily, supported by safe-haven demand amid uncertainty surrounding U.S. President Donald Trump’s import tariff plans, which could potentially increase inflation.

Resistance Still Holding

The price remains stuck at resistance seen on the H1 time frame, preventing further upside movement. As a result, the intraday bias remains bearish for now. Monitor this resistance level for sell signal confirmations.

Forecast: WEAK XAUUSD

Trade Plan:

  • SELL AREA: 3015.60 – 3030.05

  • STOP LOSS (SL): 3060.79

  • TAKE PROFIT TARGETS:

    • TP1: 2991.17

    • TP2: 2953.15

    • TP3: 2913.72

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