"I have initiated a short position on XAUUSD as the price has reached a significant supply zone, suggesting a potential price decline. This strategic decision is supported by technical analysis indicating a strong resistance level at this key zone. I will closely monitor price dynamics and market developments to capitalize on this trading opportunity. It is essential to implement effective risk management practices and adhere to a disciplined trading approach to maximize profit potential and safeguard capital in this trade. Additionally, I will consider macroeconomic factors, central bank policies, and geopolitical events that could impact the price of gold and the US dollar to make informed trading decisions."
Beyond Technical AnalysisSupply and DemandSupport and Resistance

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