Gold's Sideways Grind: Eyeing a Short from Resistance!

XAU/USDShortSwing4h ago3 views

Trade Setup

Entry Price

2931.00

Stop Loss

2954.00

Take Profit

2896.00

Risk : Reward

1 : 1.52

RiskReward

E aí, galera! Hope everyone's having a good week. My eyes are on XAU/USD today, and it looks like we're still stuck in this sideways chop. Gold is currently sitting around 2926.4, with not much action, just a tiny 0.22% up in 24 hours. The day range has been pretty tight, between 2916.8 and 2936.01. I'm seeing a potential swing short opportunity here if we get the right entry.

The Setup: Riding the Range


So, the chart is screaming "range-bound" to me right now. We've got clear resistance at 2936.01, which is the high of the day. My idea is to wait for Gold to push up a little closer to that resistance. I'

Comments

Loading comments...