XAUUSD Analysis
Gold Dropped 2%
Still Below Downtrend Line
Gold prices are still moving below the downtrend line visible on the H1 time frame. Sell opportunities can still be sought if a pullback occurs near this trendline area.
Prediction: WEAK XAUUSD
Trade Plan:
- SELL AREA: 2670.34 - 2691.66
- Stop Loss (SL): 2720.03
- Take Profit (TP) Levels:
- TP1: 2647.21
- TP2: 2607.31
- TP3: 2566.75
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