XAUUSD
This setup presents a potential bearish move on XAU/USD. Based on market conditions and price action, we are looking for a short position targeting further downside. With key levels already identified for Entry, Take Profit, and Stop Loss, this trade capitalizes on a possible reversal or continuation of the downtrend. Keep an eye on how price reacts at key resistance zones as confirmation. Manage risk appropriately and monitor the trade closely for any shift in momentum.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.