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