Watching Gold for a Short Setup – XAU/USD Bearish Play

XAU/USDShortSwing4h ago4 views

Trade Setup

Entry Price

2915.00

Stop Loss

2974.00

Take Profit

2826.00

Risk : Reward

1 : 1.51

RiskReward

Right, folks, been keeping a close eye on XAU/USD, and I reckon there's a good swing trade setting up here. Gold's been looking a bit rough lately, honestly. We're currently sat around 2903.59, and it's down about 0.56% in the last 24 hours. The trend is definitely bearish, and the charts don't lie on this one.

Technical Readout: Targeting Lower Gold Prices


My analysis suggests we could see more downside. We've got resistance overhead at 29

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