XAUUSD Still Offers Sell Opportunities: Watch the Resistance Area ~ 90% Rebate Exness Everyday

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XAUUSD Still Offers Sell Opportunities: Watch the Resistance Area

XAUUSD Analysis

Selling Pressure Weighs on Gold

Gold prices have pulled back as investors engage in selling to cover their losses and prevent further potential downside. Escalating trade tensions have heightened fears of a global recession, prompting risk-off sentiment and putting downward pressure on gold.

Pullback Stalls at Resistance Area

A pullback is currently testing a resistance zone visible on the H1 time frame. This offers a potential opportunity to look for Sell entries within that resistance area.

Market Outlook:

XAUUSD – WEAK

Trade Plan:

Sell Zone: 3042.50 – 3068.63
Stop Loss: 3139.12
Take Profit Targets:
- TP1: 2970.18
- TP2: 2890.31
- TP3: 2808.97

90% Rebate Exness Everyday