Emas / Dollar A.S.

Gold (XAU/USD) Short Setup - Rejection from Key Resistance

156
I'm taking a short trade on Gold (XAU/USD) after price rejected a strong resistance zone around $2,922.74. This level has previously acted as support, but now it's serving as resistance after a break and retest. The rejection confirms bearish momentum, making it an ideal short entry.

Trade Details:
Entry: $2,922.74 (Resistance Rejection)
Stop-Loss: $2,929.45 (+6.71 points, 0.23%)
Take-Profit: $2,896.35 (Risk/Reward Ratio: 4.13)
Logic:
Previous support flipped into resistance
Strong rejection wicks at resistance level
Bearish momentum with lower highs forming
Favorable risk/reward ratio (4.13)
Looking for a continuation down toward the $2,896.35 level. Let me know your thoughts on this setup! 📉🔥 #XAUUSD #Gold #Trading #ShortSetup

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