Trade Idea: XAUUSD Short ( SELL LIMIT )

Technical Analysis:
1. Daily Chart:
• Trend: Uptrend but showing signs of exhaustion.
• MACD: Still bullish but momentum is weakening.
• RSI: 53.11, indicating neutral momentum, with a possible shift to downside pressure.
2. 15-Min Chart:
• Trend: Clear downtrend forming.
• MACD: Bearish momentum is strengthening.
• RSI: 42.74, nearing oversold but with room for further decline.
3. 3-Min Chart:
• Trend: Short-term consolidation after a sell-off.
• MACD: Slight bullish divergence but still negative.
• RSI: 44.71, meaning there is no immediate reversal signal yet.

Fundamental Analysis:
• US Dollar Strength: If there is upcoming economic data supporting a stronger USD (such as rising bond yields or hawkish Fed comments), gold could decline further.
• Recent Price Action: Gold has been in a long-term uptrend, but the recent pullback suggests a correction is in play.

Trade Setup:
• Entry: 2878
• Stop Loss (SL): 2892 (14 pips above entry)
• Take Profit (TP): 2850 (28 pips below entry)
• Risk-Reward Ratio (RRR): 2:1 XAUUSD