Gold (XAU/USD) – Sell Setup

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Gold is currently testing a key resistance zone marked by the Previous Day High (PDH), after a bullish push from a prior support area that aligns with the Previous Day Low (PDL).

🔹 Price is showing signs of rejection at the PDH zone (around 3376), with a potential lower high formation. 🔹 The support + PDL area around 3340 now serves as a critical decision level — if broken, we could see a strong bearish continuation. 🔹 Clear downside target sits around 3318, where the next significant demand zone is located.

📍 Sell Entry: Around 3365–3370
🎯 Target: 3318
🛑 Stop Loss: 3376 (above PDH)
📊 Risk-Reward: Approximately 1:2

🧠 Bias: Bearish while below PDH. Watch for confirmation candles and volume weakness at resistance.

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