Gold's Sideways Grind: Eyeing a Short Opportunity on XAU/USD

XAU/USDShortIntraday1w ago25 views

Trade Setup

Entry Price

2918.00

Stop Loss

2942.00

Take Profit

2882.00

Risk : Reward

1 : 1.50

RiskReward

Hey legends, Archer here from Perth! Gold's been a bit of a tricky one lately, just grinding sideways around the 2913.25 mark. It's down a touch for the day, about -0.23%, which isn't huge but shows the pressure. The daily range has been pretty tight, from 2903.12 up to 2923.38.

Technical Readout: Fading Resistance


Looking at the XAU/USD chart, we're clearly in a sideways trend. We've seen resistance hold strong around that 2923.38 level, which was the high for the day. My short play

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