Short-Term Targets for Gold After Breaching $2,650

Short-Term Targets for Gold After Breaching $2,650

1. Immediate Downside Targets:

$2,600: Minor support level; likely to be tested soon.

$2,575–$2,550: Stronger support zone; potential area for profit-taking or reversal.

$2,500: If momentum remains bearish, this could be the extended target.




1. Entry Point:

Enter a sell position $2,650



2. Profit Targets:

First Target (T1): $2,600 (close part of the position).

Second Target (T2): $2,575.

Final Target (T3): $2,550 (full exit unless trend remains strong).


3. Stop-Loss:

Place a stop-loss just above $2,660–$2,670 to protect against a false breakout or rebound.










Risk Management

Avoid over-leveraging; short-term gold movements can be volatile. GOLD