XAU/USD Trade Idea — Short from 2931
XAU/USDShortPosition5d ago17 views
Trade Setup
Entry Price
2931.00
Stop Loss
2949.00
Take Profit
2895.00
Risk : Reward
1 : 2.00
RiskReward
Technical Analysis
XAU/USD has formed a strong descending triangle on the daily chart. Entry near 2931 with stop below 2949.
Fundamental Context
Recent economic data supports a short move on XAU/USD. Central bank policy remains the key driver.
Trade Setup
Entry at 2931 with stop at 2949 gives a clean 2:1 ratio. Target: 2895.
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