📉 GOLD/USD Short Trade Setup - Bearish Outlook (Higher Inflation Risk) 📉
🔴 Short Entry: 1910
🎯 Take Profit (TP): 1875 (First Target), 1850 (Extended Target)
🛑 Stop Loss (SL): 1930
---
💡 Trade Rationale:
1️⃣ Macro Factors: Recent inflation data suggests higher-than-expected CPI, strengthening the USD and pressuring gold prices. Fed rate hike expectations could fuel further downside.
2️⃣ Technical Setup:
- Strong resistance zone at 1920-1930, rejecting multiple times.
- Support Breakdown: A break below 1910 confirms bearish momentum.
- RSI near overbought, signaling potential correction.
3️⃣ Risk Management: Tight SL to protect against unexpected volatility; TP aligns with key historical support levels.
📊 Watch for:
- Any hawkish Fed commentary reinforcing USD strength.
- A clean breakdown of 1910 with volume for confirmation.
- Potential retracements to 1925-1930 for better short entries.
🚨 Bearish Bias 🚨 – Short Gold on Breakdown Below 1910! Let’s see how it plays out! 💰💥
#GOLD #XAUUSD #Trading #Short #Inflation #Fed #Bearish
🔴 Short Entry: 1910
🎯 Take Profit (TP): 1875 (First Target), 1850 (Extended Target)
🛑 Stop Loss (SL): 1930
---
💡 Trade Rationale:
1️⃣ Macro Factors: Recent inflation data suggests higher-than-expected CPI, strengthening the USD and pressuring gold prices. Fed rate hike expectations could fuel further downside.
2️⃣ Technical Setup:
- Strong resistance zone at 1920-1930, rejecting multiple times.
- Support Breakdown: A break below 1910 confirms bearish momentum.
- RSI near overbought, signaling potential correction.
3️⃣ Risk Management: Tight SL to protect against unexpected volatility; TP aligns with key historical support levels.
📊 Watch for:
- Any hawkish Fed commentary reinforcing USD strength.
- A clean breakdown of 1910 with volume for confirmation.
- Potential retracements to 1925-1930 for better short entries.
🚨 Bearish Bias 🚨 – Short Gold on Breakdown Below 1910! Let’s see how it plays out! 💰💥
#GOLD #XAUUSD #Trading #Short #Inflation #Fed #Bearish
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.