XAUUSD Analysis
After Breaking All-Time High, Market Awaits Russia-Ukraine Peace Talks
Gold prices broke another all-time high yesterday, but the rally was halted as the market anticipates peace negotiations between Russia and Ukraine. This follows U.S. President Donald Trump's agreement to resume talks to end the Russia-Ukraine war.
Potential Quasimodo Pattern
A possible Quasimodo pattern has emerged on the M30 time frame. A SELL opportunity remains valid as long as the price does not break above the all-time high again.
Prediction: WEAK XAUUSD
Trade Plan:
- SELL AREA: 2936.72 - 2941.88
- Stop Loss (SL): 2947.98
- Take Profit (TP) Levels:
- TP1: 2931.37
- TP2: 2922.86
- TP3: 2914.26
🚨 Risk Management Reminder: Always apply proper money management to minimize risks and avoid overexposure. Stay alert for any unexpected market movements!
Happy Trading! 🚀