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Home » » XAUUSD Still Has SELL Potential: Market Responds to US Presidential Election Exit Poll

XAUUSD Still Has SELL Potential: Market Responds to US Presidential Election Exit Poll

 


XAUUSD Analysis

USD Strengthens in Response to Preliminary US Election Results

The preliminary exit poll from the US presidential election shows Donald Trump in the lead, prompting a strengthening of the US dollar.

Still Under Pressure 

Currently, XAUUSD remains under pressure, as seen in the H1 time frame. This suggests that the intraday bias is still bearish.

Prediction: XAUUSD Weakness

Trade Plan:

  • SELL Area: 2733.99 - 2746.41
  • Stop Loss (SL): 2765.43
  • Take Profit (TP) Targets:
    • TP1: 2716.87
    • TP2: 2692.08
    • TP3: 2666.90

Monitor price movements carefully as the market reacts to election results, and manage your risk according to your trading strategy.

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