Gold Short Play: Riding the Pullback After Hitting Resistance

XAU/USDShortIntraday2h ago4 views

Trade Setup

Entry Price

2944.00

Stop Loss

2984.00

Take Profit

2865.00

Risk : Reward

1 : 1.98

RiskReward

XAU/USD: Watching for a Reversal


Alright team, let's talk Gold (XAU/USD). I know the overall trend has been bullish lately, with the price up 0.57% in the last 24 hours, currently sitting around 2936.52. But even in strong uptrends, you get those juicy pullbacks, and I'm seeing a potential one here. We've tapped near the day's high of 2961.3, and I'm seeing some exhaustion. Technicals are telling me we might be due for a breather before any further push higher, especially with a potential for some dollar strength creeping in.

The Setup: This Looks Juicy!


My eyes are on a short entry around 2944. We're looking for a retr

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