Gold Spot / U.S. Dollar
Short
Updated

XAUUSD SELL TRADE | WILL 4150 ACT AS A BARRIER?

185
Yesterday, Gold experienced a significant sell-off after breaking below our previously identified positional sell level at 4185, triggering a sharp decline down to 4004.

Currently, Gold is showing signs of a retracement. The 4150 level is now acting as a strong resistance.

Trade Idea:

Sell Gold near 4150
Stop Loss: 4157.6
Target Levels: 4121, 4111, and 4101

Note: Monitor price action around these levels closely and manage risk accordingly.

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Trade closed: target reached

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