$XAU just tagged a major resistance zone after an aggressive rally, and momentum is showing signs of exhaustion. If sellers defend this area, a sharp correction could follow.
XAU Short Setup
Entry: 4088 to 4105
Stop Loss: 4142
Target 1: 4055
Target 2: 4025
Target 3: 3999
This is a high risk countertrend trade. Let the rejection confirm before entering instead of chasing the move.
$XAU
XAU Short Setup
Entry: 4088 to 4105
Stop Loss: 4142
Target 1: 4055
Target 2: 4025
Target 3: 3999
This is a high risk countertrend trade. Let the rejection confirm before entering instead of chasing the move.
$XAU