Trade Idea for XAUUSD ( SELL STOP )

Trade Idea for XAUUSD

Position: Short (Sell)
Reasoning:
1. Technical Analysis:
• Daily Chart: Price is at a key resistance level near 2775-2780, showing signs of exhaustion.
• M15 Chart: Recent strong bullish momentum has met resistance, and price has started to reject lower.
• M3 Chart: Short-term trend reversal, showing lower highs and a loss of bullish momentum.
• Indicators:
• RSI (14) on M15 & M3: Shows overbought conditions.
• MACD: Weakening momentum, signaling potential for reversal.
2. Fundamental Analysis:
• If upcoming macroeconomic data (e.g., NFP, FOMC, CPI) favors USD strength, gold will likely decline.
• Higher U.S. bond yields or hawkish Fed sentiment can put downward pressure on XAUUSD.


Trade Setup
• Entry: 2775
• Stop-Loss (SL): 2785 (Above recent highs)
• Take-Profit (TP): 2755
• Risk-Reward Ratio (RRR): 2:1

This trade idea aligns with technical resistance, short-term reversal patterns, and fundamental factors favoring a potential gold decline.