Gold's Sideways Grind: Eyeing a Short Play on XAU/USD
XAU/USDShortIntraday5h ago4 views
Trade Setup
Entry Price
2935.00
Stop Loss
2966.00
Take Profit
2889.00
Risk : Reward
1 : 1.48
RiskReward
Hey KoraFX fam! Diya here, checking in on Gold (XAU/USD). It's been a pretty interesting day, with Gold currently hovering around 2928.5, showing a modest 0.29% gain. The market's been a bit range-bound, oscillating between 2915.75 and 2941.24 today.
Technical Read: Waiting for the Dip
Technically, Gold is in a clear sideways trend right now. We're seeing resistance hold firm around the 2941.24 mark, and support at 291
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