XAU/USD SELL

2 lug 2024

This XAU/USD (Gold vs US Dollar) setup displays a descending trendline indicating a downtrend. The price has recently broken below a key support level, confirmed by a red arrow indicating a potential sell signal. The setup shows a short position with a stop loss placed above the recent swing high and a target near the previous significant low. The entry is marked by the current price level around 2325.35, with the target around 2299.26. The setup suggests a bearish outlook, anticipating further downside movement towards the support zone