Gold (XAUUSD) surged strongly after Friday’s event-driven move, but the momentum now appears to be stalling. Price is consolidating in a defined range, and we’re watching a key resistance zone between 3475 – 3488, where fresh sellers may step in to challenge the bulls.
🔻 Short Trade Setup – Fading the Strength
Entry: Sell at 3475
Add on Strength: 3485
Targets: See chart for marked zones
Invalidation: Daily close above 3495
📉 Risk-Reward Outlook
This setup presents a favorable risk-reward ratio, especially for short-term traders aiming to capitalize on a potential rejection at resistance. As always, keep your risk tight and position sizing disciplined.
Gold has had its run — now the odds may favor the contrarian. Keep an eye on momentum and price action at the resistance zone.
👍 If this idea aligns with your view, give it a like and drop your thoughts in the comments — let’s exchange ideas and insights!
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Happy Trading,
– The InvestPro Team
🔻 Short Trade Setup – Fading the Strength
Entry: Sell at 3475
Add on Strength: 3485
Targets: See chart for marked zones
Invalidation: Daily close above 3495
📉 Risk-Reward Outlook
This setup presents a favorable risk-reward ratio, especially for short-term traders aiming to capitalize on a potential rejection at resistance. As always, keep your risk tight and position sizing disciplined.
Gold has had its run — now the odds may favor the contrarian. Keep an eye on momentum and price action at the resistance zone.
👍 If this idea aligns with your view, give it a like and drop your thoughts in the comments — let’s exchange ideas and insights!
🔔 Follow us for more actionable trade setups.
Happy Trading,
– The InvestPro Team
Trade closed: target reached
Both targets successfully hit — enjoy the profits!
🚨 BIG ANNOUNCEMENT for XAUUSD Traders! 🚨
We’re excited to launch our brand-new Telegram Support Channel dedicated to Gold (XAUUSD) trading! 🟡📈
t.me/investprogoldsniper
📲 Join now and invite your friends. Let’s grow and win together! 🌟
We’re excited to launch our brand-new Telegram Support Channel dedicated to Gold (XAUUSD) trading! 🟡📈
t.me/investprogoldsniper
📲 Join now and invite your friends. Let’s grow and win together! 🌟
Related publications
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.
🚨 BIG ANNOUNCEMENT for XAUUSD Traders! 🚨
We’re excited to launch our brand-new Telegram Support Channel dedicated to Gold (XAUUSD) trading! 🟡📈
t.me/investprogoldsniper
📲 Join now and invite your friends. Let’s grow and win together! 🌟
We’re excited to launch our brand-new Telegram Support Channel dedicated to Gold (XAUUSD) trading! 🟡📈
t.me/investprogoldsniper
📲 Join now and invite your friends. Let’s grow and win together! 🌟
Related publications
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.