$XAU SHORT SETUP JUST CAME INTO MY RADAR SCREEN đ„
Entry: 4100 - 4125 đ„
Target: 4050 - 4000 - 3940 đ
Stop Loss: 4160 â ïž
Gold just tagged a resistance zone where I've seen it reverse hard twice this month. The 4H candle closed with a long wick, and volume is dropping off â that's sellers stepping in before the next leg down.
With the first target already giving a 50-point buffer, this risk-to-reward is what I look for on a late-day short. You taking the entry as it fades or waiting for a retest of 4125?
Not financial advice. Always manage your risk.
#XAU #ShortSetup #Gold #FadeTheRally #Breakdown
đ„
Entry: 4100 - 4125 đ„
Target: 4050 - 4000 - 3940 đ
Stop Loss: 4160 â ïž
Gold just tagged a resistance zone where I've seen it reverse hard twice this month. The 4H candle closed with a long wick, and volume is dropping off â that's sellers stepping in before the next leg down.
With the first target already giving a 50-point buffer, this risk-to-reward is what I look for on a late-day short. You taking the entry as it fades or waiting for a retest of 4125?
Not financial advice. Always manage your risk.
#XAU #ShortSetup #Gold #FadeTheRally #Breakdown
đ„