Gold's Sideways Grind: Eyeing a Short Play on XAU/USD

XAU/USDShortIntraday5h ago1 views

Trade Setup

Entry Price

2935.00

Stop Loss

2966.00

Take Profit

2889.00

Risk : Reward

1 : 1.48

RiskReward

Hey KoraFX fam! Diya here, checking in on Gold (XAU/USD). It's been a pretty interesting day, with Gold currently hovering around 2928.5, showing a modest 0.29% gain. The market's been a bit range-bound, oscillating between 2915.75 and 2941.24 today.

Technical Read: Waiting for the Dip


Technically, Gold is in a clear sideways trend right now. We're seeing resistance hold firm around the 2941.24 mark, and support at 291

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