XAUUSD Analysis
Fed Rate Cuts to Become Rarer
Gold prices are under pressure after the Federal Reserve signaled a slowdown in the rate-cutting cycle next year, following an upward revision of the U.S. core inflation forecast.
Still Trading Below Resistance
The price remains capped below the resistance level. A confirmation of a sell signal can be sought if the price pulls back into this resistance area.
Prediction
WEAK XAUUSD
Trade Plan
- SELL Area: 2628.51 – 2638.61
- Stop Loss (SL): 2653.97
- Take Profit (TP):
- TP1: 2614.85
- TP2: 2596.25
- TP3: 2574.51