XAUUSD Analysis
Gold Declines Due to Profit-Taking
Gold prices dropped more than 1% on Friday due to USD strength and profit-taking, despite ongoing geopolitical and economic uncertainty.
Bullish Trendline Breaks
The bullish trendline seen on the H1 timeframe has been broken, shifting the intraday bias to bearish. Monitor key resistance levels for sell signal confirmation.
Prediction: WEAK XAUUSD
Trade Plan:
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SELL Area: 3015.60 - 3030.05
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Stop Loss (SL): 3060.79
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Take Profit (TP) Targets:
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TP1: 2991.17
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TP2: 2953.15
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TP3: 2913.72
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