XAU/USD Trade Idea — Short from 2916
XAU/USDShortPosition4h ago4 views
Trade Setup
Entry Price
2916.00
Stop Loss
2971.00
Take Profit
2834.00
Risk : Reward
1 : 1.49
RiskReward
Technical Analysis
Looking at the daily chart, XAU/USD is showing a clear double bottom pattern near the 2916 level.
Fundamental Context
Fundamental catalysts align with the technical picture here. XAU/USD has room to move.
Trade Setup
Risk:reward is 1.5:1. Stop loss at 2971, take profit at 2834.
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