XAU/USD (Gold vs. USD) 4-hour chart Analysis potential bearish Entry. The price is trading within an ascending channel but is encountering strong resistance near the 2675-2680 level. We an place A short order below the resistance, targeting 2645 as the take-profit level. The stop-loss is placed above the resistance zone to manage risk effectively. in our setup anticipates a breakout below the ascending channel, aligning with potential bearish momentum in the market.
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Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies.
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