XAU/USD

Gold (XAU/USD) is currently showing bearish momentum on the 5-minute chart. Based on the recent price action and my analysis, a sell zone has been identified.

Key Points:

Sell Zone: The highlighted area above indicates strong resistance, where price is expected to face selling pressure.
Bearish Trend Confirmation: Price has consistently respected the downward trend, creating lower highs and lower lows.
Entry Point: A potential short trade can be considered near the resistance zone (red area), with confirmation from candlestick patterns or additional bearish signals.
Target Levels:
First Target: $2,620.
Second Target: $2,600 (depending on market momentum).
Stop Loss: Place stop-loss just above the resistance zone to manage risk effectively.
💡 Strategy:
This setup aligns with the current bearish sentiment in the market. Traders are advised to wait for proper confirmations before entering a trade.

📉 What do you think? Let me know your thoughts or if you see an alternate perspective!