XAUUSD REVERSAL ALERT: Look for SELL Opportunities! UP TRENDLINE BROKEN! ~ 90% Rebate Exness Everyday

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XAUUSD REVERSAL ALERT: Look for SELL Opportunities! UP TRENDLINE BROKEN!

XAUUSD Analysis

Ceasefire Between Israel and Hezbollah Weakens Gold

Gold prices dropped significantly yesterday following a ceasefire agreement between Israel and Hezbollah. Additionally, the nomination of Scott Bessent as a potential U.S. Treasury Secretary in the Trump administration has strengthened the USD, putting further pressure on gold.

Up Trendline Breached

The up trendline on the H1 timeframe has been broken, shifting the intraday bias to bearish today. Sell opportunities can be explored if the price pulls back toward the broken trendline.

Prediction: WEAK XAUUSD

Trade Plan:

SELL AREA: 2650.84 - 2667.61
Stop Loss (SL): 2693.95
Take Profit Targets (TP):
- TP1: 2627.94
- TP2: 2592.97
- TP3: 2557.04