Short XAUUSD

Trend: Downtrend remains intact as price stays below the 50-SMA.
Candlestick Pattern: The bearish engulfing pattern is a strong reversal signal at resistance levels.
Fibonacci Levels: Correctly marked and align with key resistance levels for a short trade setup.
Trade Plan:

1. Entry: 2,644–2,645
   
2. Stop-Loss: 2,651
   
3. Take-Profit 1: 2,630
   
4. Take-Profit 2: 2,622
   

Please study before you invest.