Gold's Short-Term Pullback? Watching XAU/USD for an Intraday Dip

XAU/USDShortIntraday1w ago9 views

Trade Setup

Entry Price

2951.00

Stop Loss

3017.00

Take Profit

2852.00

Risk : Reward

1 : 1.50

RiskReward

Hey KoraFX fam! Diya here, checking in from Pune. Hope you're all having a solid trading week. Gold (XAU/USD) has been on a strong bullish run, currently sitting at 2938.25, up 0.63% today. The overall trend is definitely up, but I'm seeing some potential for a quick intraday pullback here.

Technical Read: Resistance & Exhaustion


Even with the bullish momentum, we're seeing some resistance coming into play. The day's high of 2965.63 is a clear hurdle, and I'm eyeing a short entry around 2951. This level is just shy of that daily resistance and suggests a potential rejection. My charts are hinting at some exhaustion after the recent push. We've got solid support around 2910.87 and 2900, but my ultimate take

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