$XAU
GOLD (XAUUSD) – Analysis & Premium Signal 📉
Gold is forming a bearish pennant on the daily timeframe, indicating potential continuation to the downside. Price is struggling below key resistance while momentum weakens.
With rising geopolitical tensions (US–Iran) possibly pushing oil prices higher, gold may face short-term pressure.
🔻 Trade Setup:
Sell Zone: 4730 – 4700
🎯 Target: 4400
🛑 Stop Loss: 4762
📌 Selling Plan:
• First Entry: 4712
• Second Entry: 4830
• Open only 2 positions if price moves against you
⚠️ Use low leverage & proper risk management
📆 Swing hold: Few weeks
DYOR – This is analysis, not financial advice.