$XAU is facing selling pressure around the current resistance zone after the recent push higher. Momentum appears to be cooling near these levels, so if resistance continues to hold, a downside rotation could develop.
Trading Ideas — Short $XAU
Entry: 4,360 - 4,440
SL: 4,525
TP1: 4,290
TP2: 4,220
TP3: 4,110
Manage risk carefully, avoid chasing the entry, and reassess the setup if price breaks above the invalidation level. Consider securing partial gains as targets are reached.
DYOR (Do Your Own Research).
Trading Ideas — Short $XAU
Entry: 4,360 - 4,440
SL: 4,525
TP1: 4,290
TP2: 4,220
TP3: 4,110
Manage risk carefully, avoid chasing the entry, and reassess the setup if price breaks above the invalidation level. Consider securing partial gains as targets are reached.
DYOR (Do Your Own Research).
