Short XAU/USD: Key Levels and Entry
XAU/USDShortPosition4h ago0 views
Trade Setup
Entry Price
2949.00
Stop Loss
3010.00
Take Profit
2857.00
Risk : Reward
1 : 1.51
RiskReward
Technical Analysis
Looking at the daily chart, XAU/USD is showing a clear pennant pattern near the 2949 level.
Fundamental Context
Recent economic data supports a short move on XAU/USD. Central bank policy remains the key driver.
Trade Setup
Entry at 2949 with stop at 3010 gives a clean 1.5:1 ratio. Target: 2857.
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