XAUUSDOANDA:XAUUSD 📉 Trade Opportunity: XAUUSD (Gold) – Short Position Setup
A sell opportunity has emerged on XAUUSD, presenting a high-probability trade idea supported by technical indicators, resistance rejection, and potential for short-term downside movement. 1. XAUUSD is currently trading near a key resistance level at 3320, where sellers have previously stepped in and capped price advances.
The recent rejection at this level suggests weakening bullish momentum and a possible short-term reversal.
The entry at 3320 provides an ideal position to take advantage of potential downside movement from a clearly defined resistance zone.
The first target at 3310 corresponds with a minor support level and offers a fast exit for conservative traders.
The second target at 3300 is psychologically significant and has historically acted as both support and resistance.
The third target at 3290 aims for a deeper move toward the lower range of the current price channel, offering maximum profit potential if momentum continues.
. The stop loss at 3330 is placed just above the recent highs, minimizing risk while allowing the trade enough room to develop.
