XAU/USD..4h chart pattern ..I'm planning a short (sell) trade on gold with the current price at **3254** and resistance at **3282**. Here's a breakdown of your sell targets:
### **Trade Plan: GOLD SELL**
- **Current Position:** 3254
- **Resistance Level:** 3282 (Stop Loss could be placed above this level, e.g., 3300-3315)
- **Targets:**
- **1st Target:** 3210 **(440 pips)**
- **2nd Target:** 3152 **(1020 pips total)**
- **3rd Target:** 3082 **(1720 pips total)**
- **4th Target:** 2967 **(2870 pips total)**
### **Risk Management Suggestions:**
1. **Stop Loss (SL):**
- Ideally above resistance (e.g., 3285-3290).
- Risk-reward ratio improves if SL is tight (e.g., 30-40 pips for the first target).
2. **Partial Profit Booking:**
- Consider closing part of the position at 3210 (1st target) to lock in profits.
- Trail SL to breakeven or adjust as price moves in your favor.
3. **Market Conditions:**
- If gold breaks above 3282, the bearish setup may be invalidated.
- Watch for price action near resistance (rejection candles for confirmation).
Would you like help with entry timing or technical confirmation signals? 🚀
