GOLD/USD Short Trade Setup - Bearish Outlook

📉 GOLD/USD Short Trade Setup - Bearish Outlook (Higher Inflation Risk) 📉

🔴 Short Entry: 1910
🎯 Take Profit (TP): 1875 (First Target), 1850 (Extended Target)
🛑 Stop Loss (SL): 1930

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💡 Trade Rationale:
1️⃣ Macro Factors: Recent inflation data suggests higher-than-expected CPI, strengthening the USD and pressuring gold prices. Fed rate hike expectations could fuel further downside.
2️⃣ Technical Setup:
- Strong resistance zone at 1920-1930, rejecting multiple times.
- Support Breakdown: A break below 1910 confirms bearish momentum.
- RSI near overbought, signaling potential correction.
3️⃣ Risk Management: Tight SL to protect against unexpected volatility; TP aligns with key historical support levels.

📊 Watch for:
- Any hawkish Fed commentary reinforcing USD strength.
- A clean breakdown of 1910 with volume for confirmation.
- Potential retracements to 1925-1930 for better short entries.

🚨 Bearish Bias 🚨 – Short Gold on Breakdown Below 1910! Let’s see how it plays out! 💰💥

#GOLD #XAUUSD #Trading #Short #Inflation #Fed #Bearish