XAU/USD: Fading the Overextended Bull – A High Probability Short Setup
XAU/USDShortIntraday3h ago2 views
Trade Setup
Entry Price
2954.00
Stop Loss
3010.00
Take Profit
2842.00
Risk : Reward
1 : 2.00
RiskReward
Technical Overextension & Resistance Zone
The market consensus on XAU/USD is undeniably bullish, with the price currently sitting at 2943.27 and showing a robust 0.8% gain over the last 24 hours. However, I’m looking to fade this rally. We’ve seen a strong push, but price is now approaching a critical confluence
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