Gold (XAU/USD) is currently showing signs of a bearish move. Technical analysis indicates the presence of a lower high (LH) along with a swing high, both of which are commonly associated with a potential price decline.
In addition, there is a clear trendline reversal from an upward trend to a downward trend, further strengthening the short-term bearish outlook — especially if the price fails to reclaim recent resistance levels.
Recommendation:
- Sell XAU/USD
- Entry: 3357
- Take Profit: 3345
- Stop Loss: 3367
*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.
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