XAUUSD Analysis
USD Strength Pressures Gold Prices
Gold prices remain under pressure as the US dollar strengthens to its highest level in more than two weeks. Meanwhile, investors are closely watching President Donald Trump’s cautious stance on implementing import tariffs.
Still Held at Resistance
Gold prices are currently held below resistance on the H1 time frame, keeping the intraday bias bearish. Monitor this resistance level for sell confirmation signals.
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):
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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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