Gold Hits New ATH: Vigilance & Potential Short Setup 🚨

Entry: 5508 🟩
Target 1: 5450 🎯
Stop Loss: 5550 🛑

$XAU has recently established a new all-time high, indicating significant bullish momentum. However, market sentiment appears highly euphoric, suggesting a potential overextension.

With a staggering 27% increase in just one month, the sustainability of this rapid ascent is questionable. The 5500 level represents a key psychological barrier for many traders.

Extreme greed indicators are signaling a high-risk environment. Profit-taking is increasingly likely as the market reaches these levels. This may not be an opportune time to chase further gains.

Protect your capital by considering the indicated short setup.

Disclaimer: Trading involves substantial risk and is not suitable for all investors. Conduct thorough research before making any decisions.

#Gold #XAUUSD #Trading #MarketAnalysis
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