Gold (XAUUSD) – Bearish Reversal Setup

Analysis & Trade Idea:

Gold is currently trading within an ascending channel but has approached a strong resistance zone near $3,056 - $3,064. A potential rejection from this level could trigger a bearish move.

📉 Sell Scenario:

Entry Zone: $3,056 - $3,064

Target Levels:
✅ TP1: $3,026
✅ TP2: $3,000

Stop Loss: Above $3,072


📊 Technical Outlook:

The price has reached a supply zone, indicating a possible reversal.

A break below the channel support could confirm a strong downside move.

Maintain strict risk management and wait for confirmation before entering.


⚠ Disclaimer: This analysis is for educational purposes only. Trade wisely