Gold (XAUUSD) is showing signs of a potential short-term sell opportunity as price approaches a key resistance zone. A rejection from this level could lead to a pullback before the next major move.
We will look for confirmation signals such as bearish candlestick patterns or a break below support to confirm entry. This short-term trade offers a good risk-to-reward ratio, but risk management is crucial.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.