Gold's Short-Term Ceiling? Eyeing a Swing Short Despite the Bullish Vibe!

XAU/USDShortSwing3h ago1 views

Trade Setup

Entry Price

2933.00

Stop Loss

2955.00

Take Profit

2889.00

Risk : Reward

1 : 2.00

RiskReward

The Setup: Catching a Breather for Gold


Alright team, let's talk XAU/USD. Gold's been on a solid run, no doubt about it – the overall trend is definitely bullish. We're currently sitting around 2929.09, up a modest 0.31% today, which shows that underlying strength is still there. However, zooming in on the intraday and daily charts, I'm seeing signs it might be a bit overextended, especially after hitting near the day's high of 2942.72.
My take? We could see some profit-taking or a short-term pullback before Gold continues its upward journey. I'm looking for a swing short entry around 2933. This isn't

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