Gold's Bearish Momentum: My Swing Short Setup Targeting 2866

XAU/USDShortSwing3h ago2 views

Trade Setup

Entry Price

2917.00

Stop Loss

2951.00

Take Profit

2866.00

Risk : Reward

1 : 1.50

RiskReward

What's up, KoraFX fam? Let's dive into Gold (XAU/USD) today. It's been a bit of a choppy ride lately, currently sitting at 2910.48, down about 0.33% in the last 24 hours. The overall trend is looking pretty bearish, and I'm seeing a potential swing short play here.

Chart Analysis & My Setup


Looking at the charts, Gold is struggling to find solid footing. We've seen the price bounce around within the day range of 2896.2 to 2924.76. For my trade, I'm eyeing a short entry around 2917. This level is just below the daily high and near that 2924

Comments

Loading comments...