Gold is showing a classic bearish flag formation on the charts — a reliable continuation pattern that suggests the downtrend may extend further. Based on this structure, we are initiating a CFD short trade with the following setup:
🔻 Instrument: GOLD (CFD on XAU/USD)
🔻 Trend: Bearish (Bearish Flag)
🔻 Entry Point (Sell Stop): 3286.719
🔻 Stop Loss (SL): 3302.244
🔻 Take Profit 1 (TP1): 3271.20
🔻 Take Profit 2 (TP2): 3255.68
🔻 Lot Size: 0.06
🔻 Risk Management Strategy:
▫️ Trade 1: 1:1 – Risk $100 : Reward $100
▫️ Trade 2: 1:2 – Risk $100 : Reward $200
🔻 Total Risk: $200
🔻 Total Potential Reward: $300
📉 With bearish momentum prevailing and no strong bullish signals on major timeframes, we're targeting continuation moves downward once the flag breaks.
#GoldCFD #XAUUSD #CFDTrading #BearishFlag #TechnicalAnalysis #ShortSetup #TradingStrategy #GoldMarket #RiskReward #ForexSignals #CFDSignals #TradingView #MarketOutlook #GoldBears
🔻 Instrument: GOLD (CFD on XAU/USD)
🔻 Trend: Bearish (Bearish Flag)
🔻 Entry Point (Sell Stop): 3286.719
🔻 Stop Loss (SL): 3302.244
🔻 Take Profit 1 (TP1): 3271.20
🔻 Take Profit 2 (TP2): 3255.68
🔻 Lot Size: 0.06
🔻 Risk Management Strategy:
▫️ Trade 1: 1:1 – Risk $100 : Reward $100
▫️ Trade 2: 1:2 – Risk $100 : Reward $200
🔻 Total Risk: $200
🔻 Total Potential Reward: $300
📉 With bearish momentum prevailing and no strong bullish signals on major timeframes, we're targeting continuation moves downward once the flag breaks.
#GoldCFD #XAUUSD #CFDTrading #BearishFlag #TechnicalAnalysis #ShortSetup #TradingStrategy #GoldMarket #RiskReward #ForexSignals #CFDSignals #TradingView #MarketOutlook #GoldBears
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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.