Weekly XAU/USD Outlook: Short Opportunity
XAU/USDShortIntraday4h ago0 views
Trade Setup
Entry Price
2912.00
Stop Loss
2950.00
Take Profit
2835.00
Risk : Reward
1 : 2.03
RiskReward
Technical Analysis
Looking at the 1-hour chart, XAU/USD is showing a clear ascending triangle pattern near the 2912 level.
Fundamental Context
The macro environment favors short positions on XAU/USD. Keep an eye on upcoming data releases.
Trade Setup
Entry at 2912 with stop at 2950 gives a clean 2:1 ratio. Target: 2835.
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