Gold's Range Play: Short Setup on XAU/USD as Resistance Holds

XAU/USDShortSwing1w ago2 views

Trade Setup

Entry Price

2919.00

Stop Loss

2924.00

Take Profit

2908.00

Risk : Reward

1 : 2.20

RiskReward

Hey KoraFX fam! Hope you're all having a solid week. Let's talk Gold, my favorite shiny metal. XAU/USD has been doing its sideways dance lately, and right now, it feels like it's hugging the upper end of its immediate range. The current price is around 2917.73, down a smidge (-0.08%) over the last 24 hours. We've seen it bounce between 2914.32 and 2921.14 today, which really highlights that range-bound action.

Technical Readout & My Short Setup


Looking at the charts, that 2921.14 level has been acting like a pretty firm ceiling, and it's looking heavy up here. My radar is pointing to a short opportunity

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