Gold's Sideways Grind: Eyeing a Short Opportunity on XAU/USD
XAU/USDShortIntraday1w ago28 views
Trade Setup
Entry Price
2918.00
Stop Loss
2942.00
Take Profit
2882.00
Risk : Reward
1 : 1.50
RiskReward
Hey legends, Archer here from Perth! Gold's been a bit of a tricky one lately, just grinding sideways around the 2913.25 mark. It's down a touch for the day, about -0.23%, which isn't huge but shows the pressure. The daily range has been pretty tight, from 2903.12 up to 2923.38.
Technical Readout: Fading Resistance
Looking at the XAU/USD chart, we're clearly in a sideways trend. We've seen resistance hold strong around that 2923.38 level, which was the high for the day. My short play
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