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XAUUSD Still Offers SELL Opportunities! Remains Below the Ex-Trendline!

 


XAUUSD Analysis

Gold Steady Amid Geopolitical Tensions
Gold prices remain steady following news of a ceasefire agreement between Israel and Hezbollah. The market is also closely monitoring the ongoing Russia-Ukraine conflict and discussions around import tariffs proposed by newly elected U.S. President Donald Trump.

Uptrend Line Breaks

On the H1 time frame, the uptrend line has been breached, signaling a bearish intraday bias for today. Selling opportunities can be sought if the price pulls back to the previously broken uptrend line.

Prediction: WEAK XAUUSD

Trading 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
Monitor price action closely around the SELL area to confirm entry signals.
Use proper risk management with a minimum risk-reward ratio of 1:1.
Stay updated with geopolitical and economic developments that may influence Gold prices.

Happy trading, and trade wisely!

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