XAUUSD: Trading strategy for today

Last week, gold experienced a sharp decline following a sustained rally driven by geopolitical tensions. Once again, our strategy helped capture profits during the downturn. This is the nature of the market—we must not only seize opportunities but also manage trading risks effectively. Losses are inevitable at times, but consistently aligning with the right market direction is key to ensuring stable account growth.
Market Outlook for the Week

Gold is currently in a consolidation phase. Key levels to monitor:

Support: 2640

Resistance: 2680

Optimal Short-Selling Zone: 2675-2680

Today's Gold Trading Strategy

Instrument: XAU/USD

Sell Entry: 2675-2680

Take Profit (TP): 2650-2640

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