Sell XAUUSD Bearish Channel

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The XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.

Key Points:

Sell Entry: Consider entering a short position around the current price of 2343, positioned close to the Top of Channel level. This offers an entry point near the perceived shift in momentum.

Target Levels:
1st Support – 2320
2nd Support – 2311

Stop-Loss: To manage risk, place a stop-loss order above 2354. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.

Thank you.

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