Xauusd Gold today technical analysis and trading set-up
Technical Analysis and Trading Set-Up for XAU/USD (Gold) Introduction XAU/USD, representing gold prices in terms of the US dollar, is a major financial instrument traded globally. Currently, the technical outlook for XAU/USD appears bearish, suggesting opportunities for selling at various price levels. This article will delve into the technical analysis, detailing specific selling zones, stop-loss (SL) levels, and target (TP) prices. Additionally, it will cover key technical indicators and candlestick patterns to watch for confirmation before entering trades. Current Bearish Outlook Key Resistance Level The critical resistance level for XAU/USD is 2370. As long as the price remains below this level, the bearish sentiment is expected to prevail. Traders should focus on selling opportunities at strategic price points. ## Selling Zones and Targets ### 1. First Selling Zone: 2325-2328 - **Stop Loss (SL):** 2336 - **Targets (TP):** 2320, 2315, 2310 The first ...