Shorting Gold (xauusd)
1️⃣ Bearish Rejection at Resistance – Price attempted to break higher but faced strong rejection, forming a wick at the top, signaling selling pressure.
2️⃣ Break & Retest Confirmation – The previous support level has turned into resistance, aligning with a classic sell setup.
3️⃣ Risk-Reward Optimization – Stop-loss is strategically placed above the rejection zone, while the target aligns with the next key support level for a favorable risk-to-reward ratio.
4️⃣ Lower High Formation – Market structure suggests a bearish continuation, reinforcing the sell bias.
