GOLD/USD Short Trade Setup – Bearish Momentum Below Resistance

💡 Trade Rationale:
1️⃣ Technical Breakdown:
2940.110 is a key resistance level; rejection confirms downside potential.
Price struggling to hold above 2950, signaling weakness.
2️⃣ Macro Factors:

Stronger USD & bond yields keeping gold under pressure.
Lower-than-expected CPI reducing gold’s safe-haven demand.
3️⃣ Market Sentiment:

Bearish below 2940 with sellers stepping in aggressively.
Break below 2925 confirms momentum to 2910.676 target.
📊 Watch for:
✔️ Weak rejection at 2940 for clean short setup.
✔️ Break below 2925 accelerates selling pressure.
✔️ U.S. market open (15:30 IST) volatility impact.

🚨 Bearish Bias 🚨 – Short Gold Below 2940.110, Targeting 2910.676! 📉🔥

🔴 Short Entry: 2940.110
🎯 Take Profit (TP): 2910.676
🛑 Stop Loss (SL): 2953.561


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