Xauusd Bearsih H1 - Sep 10

📢 Signal: SELL XAU/USD 📉

Entry Price: 2514.08 🔍

TP1: 2507.52 🎯 (66 PiP TP)
TP2: 2498.56 🎯 (155 PiP TP)
TP3: 2485.33 🎯 (273 PiP TP)
TP4: 2472.36 🎯 (417 PiP TP)

SL: 2519.45 ⛔️ (54 PiP SL)

💡 Ensure proper risk management when following signals!
💬 Comment:
"
Reason for Selling:

Bearish Reversal Potential: XAU/USD is showing signs of a potential reversal after a recent rally, with selling pressure likely to increase.
Resistance Rejection: The current price is nearing a key resistance zone, suggesting a high probability of a price decline.

Entry Point Justification:
Entry at 2514.08: Positioned just below a strong resistance level, allowing for an optimal entry as the market is expected to reject this area.

Take Profit Targets:
TP1 (2507.52): A short-term target to capture quick gains from the initial price drop.
TP2 (2498.56): A mid-term target reflecting further bearish momentum as the price continues to fall.
TP3 (2485.33): A long-term target for capturing a significant portion of the downtrend.
TP4 (2472.36): An extended target to maximize gains if the bearish trend intensifies and a deeper pullback occurs.


Stop Loss Justification:
SL at 2519.45: Placed just above the resistance level to limit losses in case of an unexpected breakout, while allowing room for market fluctuations."

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🔥TP1 reached ✅
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