Weekly XAU/USD Outlook: Short Opportunity
XAU/USDShortPosition6d ago1 views
Trade Setup
Entry Price
2928.00
Stop Loss
2941.00
Take Profit
2902.00
Risk : Reward
1 : 2.00
RiskReward
Technical Analysis
XAU/USD has formed a strong bullish engulfing on the daily chart. Entry near 2928 with stop below 2941.
Fundamental Context
Fundamental catalysts align with the technical picture here. XAU/USD has room to move.
Trade Setup
Position sized for 2:1 R:R. Will trail stop once in profit.
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