$XAU Chart displays #GOLD trading around 4163 (+0.05%). Price action is currently consolidating near short term moving averages (MA 7 at 4143, MA 25 at 4144, and MA 99 at 4149). After a volatile drop and a swift bounce off local support, a projected secondary upward move into overhead resistance offers a potential short entry opportunity expecting a corrective turn back toward lower demand zones
👉Entry Short: 4178 - 4180
💥Stop Loss: > 4216
🎉TP1: 4120 - 4132
🎉TP2 : 4062 - 4082
💥Disclaimer: Technical analysis is based on chart patterns for educational and informational purposes only. Trading cryptocurrency and gold derivatives carries significant financial risk. Always practice strict risk management and set stop-loss orders on every trade.
👉Entry Short: 4178 - 4180
💥Stop Loss: > 4216
🎉TP1: 4120 - 4132
🎉TP2 : 4062 - 4082
💥Disclaimer: Technical analysis is based on chart patterns for educational and informational purposes only. Trading cryptocurrency and gold derivatives carries significant financial risk. Always practice strict risk management and set stop-loss orders on every trade.
