Gold (XAU/USD) Short Position (4H Timeframe)

Key Trade Details:

Entry: 2,652.315 (Position entered just below resistance)
Stop Loss (SL): 2,656.445 (Placed above the recent high to protect the trade)

Take Profit (TP):
TP1: 2,640.100 (Set Stop Loss to Break Even once this target is hit)
TP2: 2,629.110 (Next support level where price may bounce)
TP3: 2,619.390 (Deeper target aligning with bearish momentum)
TP4: 2,609.050 (Final target for maximum potential gain)


The risk/reward on this setup looks favorable as long as price maintains respect of the trendline and resistance zones.