Gold (XAU/USD) Short Setup – Triangle Breakout Analysis

Gold recently formed a symmetrical triangle pattern, signaling potential volatility. A confirmed downside breakout from the triangle suggests bearish continuation. The price broke below the ascending support line, signaling a short opportunity. Based on the height of the triangle and technical projection, the target zone is around $2,961, aligning with previous demand levels.

Short Setup:
Entry: ~$3,237
Stop Loss: ~$3,320
Target: ~$2,980

Risk/Reward Ratio: Favorable

Fundamentals Support Bearish Bias:

Hawkish Fed stance and potential rate hikes

Strong USD amid global uncertainty

Weak physical demand in recent weeks
setup is ideal for traders looking to capitalize on a bearish breakout following a period of consolidation. Monitor for volume confirmation and macroeconomic data that may influence gold prices.

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NOTE: This is not financial advice. Trade at your own risk.
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