💡 Trade Rationale:
1️⃣ Technical Breakdown:
2940.110 is a key resistance level; rejection confirms downside potential.
Price struggling to hold above 2950, signaling weakness.
2️⃣ Macro Factors:
Stronger USD & bond yields keeping gold under pressure.
Lower-than-expected CPI reducing gold’s safe-haven demand.
3️⃣ Market Sentiment:
Bearish below 2940 with sellers stepping in aggressively.
Break below 2925 confirms momentum to 2910.676 target.
📊 Watch for:
✔️ Weak rejection at 2940 for clean short setup.
✔️ Break below 2925 accelerates selling pressure.
✔️ U.S. market open (15:30 IST) volatility impact.
🚨 Bearish Bias 🚨 – Short Gold Below 2940.110, Targeting 2910.676! 📉🔥
🔴 Short Entry: 2940.110
🎯 Take Profit (TP): 2910.676
🛑 Stop Loss (SL): 2953.561
#XAUUSD #Gold #Short #Trading #TechnicalAnalysis #USD
1️⃣ Technical Breakdown:
2940.110 is a key resistance level; rejection confirms downside potential.
Price struggling to hold above 2950, signaling weakness.
2️⃣ Macro Factors:
Stronger USD & bond yields keeping gold under pressure.
Lower-than-expected CPI reducing gold’s safe-haven demand.
3️⃣ Market Sentiment:
Bearish below 2940 with sellers stepping in aggressively.
Break below 2925 confirms momentum to 2910.676 target.
📊 Watch for:
✔️ Weak rejection at 2940 for clean short setup.
✔️ Break below 2925 accelerates selling pressure.
✔️ U.S. market open (15:30 IST) volatility impact.
🚨 Bearish Bias 🚨 – Short Gold Below 2940.110, Targeting 2910.676! 📉🔥
🔴 Short Entry: 2940.110
🎯 Take Profit (TP): 2910.676
🛑 Stop Loss (SL): 2953.561
#XAUUSD #Gold #Short #Trading #TechnicalAnalysis #USD
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.