XAUUSD Continues Targeting SELL! DOWNTREND Remains STRONG! ~ 90% Rebate Exness Everyday

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XAUUSD Continues Targeting SELL! DOWNTREND Remains STRONG!

XAUUSD Analysis

Gold Dropped 2%

Gold prices weakened by 2% yesterday, driven by a stronger USD following the euphoria surrounding Donald Trump's victory. Additionally, the market is anticipating U.S. inflation data and its impact on the Fed’s future rate cut prospects.

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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