We have identified a bearish setup in XAU/USD, characterized by the following:
Bearish Divergence on RSI: Indicating a potential trend reversal. Bearish ABCDE Pattern: Suggesting the end of the bullish trend. PRZ Zone: Currently trading near the Potential Reversal Zone. Strong Resistance Area: Increasing the probability of a fall (90% probability). Entry Point:
Short: After the recent low breaks at 2400 Specific Entry: At 2398 Target Prices (TP):
TP 1: 2351 📉 TP 2: 2302 🥇 Stop Loss (SL):
SL: 2446 to manage risk Trade Summary:
Short: At 2398 after recent low breaks at 2400 TP 1: 2351 TP 2: 2302 SL: 2446 Trade Type: Short Swing 📉