XAUUSD Analysis
Stuck in Resistance Area
On the H1 timeframe, Gold has once again encountered a significant resistance area. Additionally, a major trendline continues to uphold the bearish bias, reinforcing the weak outlook for XAUUSD.
Prediction: WEAK XAUUSD
Trade Plan
- SELL Area: 2635.93 – 2650.60
- Stop Loss (SL): 2677.17
- Take Profit (TP):
- TP1: 2611.51
- TP2: 2578.64
- TP3: 2545.82
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