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Gold Spot / U.S. Dollar
Short
Updated

XAUUSD: Bearish Bias Setup

275
I am watching for a possible reversal in XAUUSD, predicting a rejection with a downside target around 3.300.

This downside target is reasonable based on this setup, as it is based on a previous bullish move, from which price could find support and bounce, or break below, and the downside momentum could start to continue down.

I am just sharing my thoughts on the chart, this is not financial advice. Always confirm your setup and manage your risk accordingly.
Trade active
Trade closed: target reached

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