XAUUSD - Positional Short Setup
CMP - 2326.41 on 30.06.24
The price movement in recent sessions is analyzed on the chart. If it does not cross and sustain above the 2340-50 levels, this setup remains valid with a short view.
Possible targets may be 2280/2200.
The setup becomes invalid if the price sustains above 2350 for a couple of days.
One has to choose the position size following risk management. Always think about the exit/stop loss while entering into a trade.
This illustration is only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
The price movement in recent sessions is analyzed on the chart. If it does not cross and sustain above the 2340-50 levels, this setup remains valid with a short view.
Possible targets may be 2280/2200.
The setup becomes invalid if the price sustains above 2350 for a couple of days.
One has to choose the position size following risk management. Always think about the exit/stop loss while entering into a trade.
This illustration is only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
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