XAU/USD Analysis: Short Bias This Month
XAU/USDShortPosition15h ago2 views
Trade Setup
Entry Price
2942.00
Stop Loss
2989.00
Take Profit
2872.00
Risk : Reward
1 : 1.49
RiskReward
Technical Analysis
XAU/USD has formed a strong inverse head and shoulders on the daily chart. Entry near 2942 with stop below 2989.
Fundamental Context
Recent economic data supports a short move on XAU/USD. Central bank policy remains the key driver.
Trade Setup
Position sized for 1.5:1 R:R. Will trail stop once in profit.
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