XAUUSD Analysis
Dollar Strength Pressures Gold
Gold prices remain under pressure due to the strengthening USD and high U.S. Treasury yields. Meanwhile, investors are waiting for clearer signals regarding the Federal Reserve's monetary policy for 2025.
Held Below Resistance
Prices are still held below a significant resistance level. A sell signal confirmation can be looked for 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
Stay vigilant for potential price pullbacks and follow your trading strategy! Happy Trading!