Gold (XAU/USD) – Major Reversal Trade Setup!

📉 Gold (XAU/USD) – Major Reversal Trade Setup! 🚨

🔹 Market Overview:
Gold has been in a strong uptrend, trading within a rising channel. However, key technical indicators suggest a potential reversal, presenting a high-probability short trade setup.

🔹 Trade Setup:
📌 Entry: Around 2,905
📌 Stop Loss: 2,976 (Above resistance)
📌 Take Profit: 2,705 (Targeting key support)

🔹 Technical Analysis:
✅ Rising Channel Break? The price has reached the upper boundary of the channel, signaling possible selling pressure.
✅ Bearish Confirmation: If the price starts rejecting this level, we anticipate a drop toward the 2,705 support zone.
✅ Risk-Reward Ratio: A well-structured trade with a strong risk-to-reward setup.

🔹 Final Thoughts:
This could be a big move in Gold! A breakdown from the current structure may trigger a strong downside move. Watch closely! 👀

💬 What’s your outlook on Gold? Let’s discuss in the comments! 🔥