XAUUSD-Bearish reversal?

1 600
XAU/USD is rising towards the resistance level, which serves as a pullback resistance and could drop from this level to our take-profit target.

Entry: 3,319.22
Why we like it:
There is a pullback resistance.

Stop loss: 3,354.19
Why we like it:
There is a pullback resistance that aligns with the 38.2% Fibonacci retracement.

Take profit: 3,271.39
Why we like it:
There is a swing low support that lines up with the 127.2% Fibonacci extension.

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