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#GoldRebounds XAU / Gold – Short Setup (Prediction)
As you can see on the chart, gold is still respecting the overall uptrend, but right now price looks overextended from the trend support. Because of that, I’m expecting a pullback back to the uptrend support zone before the next move up.
That’s why I’m planning a short first, and once price reaches the support, I’ll look for a long opportunity again with proper risk management.
Short trade plan:
Entry: 5022 – 5030
TP 1: 4900
TP 2: 4850
SL: 5100
Trade carefully, manage your risk, and don’t rush entries.
If you want to support or follow this short trade 👇$XAU