Prediction: STRONG XAUUSD
Continuation of XAUUSD BUY Opportunity: Price Still Moving in an UPTREND
Check the BUY Opportunity for XAUUSD: Continuing to Rise Above the Up Trendline
XAUUSD Analysis
Moving Above the Up Trendline
Gold continues its uptrend, moving above the up trendline. The intraday bias remains bullish today, and buy opportunities can be sought if there’s a correction back to this trendline area.
Prediction: STRONG XAUUSD
Trade Plan:
- BUY AREA: 2654.89 - 2647.39
- Stop Loss (SL): 2636.92
- Take Profit (TP1): 2664.10
- Take Profit (TP2): 2677.92
- Take Profit (TP3): 2690.96
XAUUSD Still Has BUY Potential: Consolidation Above the Trendline
Forecast: STRONG XAUUSD
Trade Plan:
- Buy Area: 2646.24 – 2641.49
- Stop Loss (SL): 2633.23
- Take Profit (TP1): 2655.02
- Take Profit (TP2): 2665.93
- Take Profit (TP3): 2676.78
BUY Opportunity for XAUUSD: Downtrend Line Breaks!
XAUUSD Analysis
Prediction: STRONG XAUUSD
Trade Plan:
- BUY AREA: 2646.24 - 2641.49
- Stop Loss (SL): 2633.23
- Take Profit (TP1): 2655.02
- Take Profit (TP2): 2665.93
- Take Profit (TP3): 2676.78
Sell Opportunity for XAUUSD: Held Back by Down Trendline
XAUUSD Analysis
- US Jobless Claims Increased, CPI Also RoseYesterday, gold prices climbed after U.S. jobless claims rose to 258,000 from 230,000. On the other hand, the CPI showed an increase, reinforcing expectations that the Fed might only cut interest rates by 25 basis points next month. This combination of data temporarily prevented the USD from weakening further.
- Held Back by Down TrendlineThe rise in gold prices has been limited by the downtrend line visible on the H1 time frame. Today's sell opportunity can still be found around this trendline area.
Prediction:
- WEAK XAUUSD
Trade Plan:
- Sell Area: 2633.75 - 2642.22
- Stop Loss (SL): 2655.00
- Take Profit (TP1): 2621.76
- Take Profit (TP2): 2605.75
- Take Profit (TP3): 2589.50
XAUUSD Still Has SELL Potential: A SYMMETRICAL TRIANGLE!
XAUUSD Analysis
Ongoing USD Strength
Gold prices remain under pressure as the USD continues to strengthen, coupled with reduced expectations for a 50-basis-point rate cut by the Fed. Currently, 81% of market participants predict that the Fed will only cut rates by 25 basis points next month.
Symmetrical Triangle on H1
A symmetrical triangle pattern has formed on the H1 time frame, with a pullback occurring towards the lower line of the pattern.
Prediction: WEAK XAUUSD
Trade Plan:
- SELL AREA: 2610.22 - 2615.95
- SL: 2625.21
- TP1: 2601.65
- TP2: 2590.49
- TP3: 2579.29
.png)
.png)
.png)
.png)
.png)
.png)