Is Gold (XAUUSD) Set for a Major Pullback? Short Below 4185!

Oct 18

Gold has been in a massive range between 3500 and 3120 (a 320-point base). Following the breakout, we witnessed an explosive rally up to 4380—an 880-point surge, nearly 2.5x the previous range!

But now, caution is warranted. Gold has formed a bearish reversal candle at the peak, and the RSI is deeply overbought. Despite the strong bullish trend, a confirmed short signal will trigger only if Gold breaks below 4185.

Trade Setup:

Entry: Sell Gold (XAUUSD) below 4185

Sell on Rallies: Add to shorts near 4280

Targets:

1st target: 4050 - 4000
2nd target: 3850

Stop Loss / Invalidation: Close shorts if price moves above 4402

Why this setup matters:
With Gold’s momentum stalling at key resistance and technical indicators signaling overextension, a well-timed short could capture a strong corrective move.

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– The InvestPro Team

Oct 21

Trade active

Breakdown below 4185. Looking forward for our 1st Target.

Oct 22

Note

1st TP Done.