XAUUSD Still Has SELL Opportunities: Pullback Near Resistance Area ~ 90% Rebate Exness Everyday

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XAUUSD Still Has SELL Opportunities: Pullback Near Resistance Area

XAUUSD Analysis

U.S. Inflation Data Meets Expectations

Gold prices dropped more than 1% on Friday, while the USD remained near a two-week high after U.S. inflation data aligned with expectations. This suggests that the Federal Reserve may take a more cautious approach before cutting interest rates again.

Pullback Near Resistance Area

A pullback is occurring near the resistance area on the H1 timeframe, which can still be used to look for sell signal confirmations.

Prediction: WEAK XAUUSD

Trade Plan:

SELL AREA: 2881.50 - 2898.51
Stop Loss (SL): 2929.43
Take Profit (TP) Targets:
- TP1: 2850.87
- TP2: 2810.98
- TP3: 2772.83