📉 XAU/USD SHORT IDEA – Bearish Breakdown Incoming?
Gold is currently testing resistance near the $3,313 level after multiple rejections, with visible supply zones (highlighted in yellow on the volume profile) above current price. The market is showing signs of exhaustion after failing to break recent highs.
🔻 Entry: $3,313
🎯 Target: $3,195 – Clean level supported by volume profile gap and previous demand zone.
🛑 Stop Loss: $3,355
📊 Risk/Reward Ratio: 2.80
📆 Estimated Target Date: May 6, 2025
📉 Projected Move: –3.58% or –$118.59
Gold is currently testing resistance near the $3,313 level after multiple rejections, with visible supply zones (highlighted in yellow on the volume profile) above current price. The market is showing signs of exhaustion after failing to break recent highs.
🔻 Entry: $3,313
🎯 Target: $3,195 – Clean level supported by volume profile gap and previous demand zone.
🛑 Stop Loss: $3,355
📊 Risk/Reward Ratio: 2.80
📆 Estimated Target Date: May 6, 2025
📉 Projected Move: –3.58% or –$118.59
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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.