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💡 Remember: XAUt is a crypto tokenized gold aimed at representing physical gold, so its price tends to stay close to the real price of gold.
📉 Short Trade Analysis (Short Trading Setup)
🔻 1) Recent Trading Trend
The gold market is experiencing a very strong uptrend, and prices are consolidating at high levels.
Some volatile movement has been observed in the last 24H, which could allow access back to the previous range levels.
🔻 2) Key Levels for Shorting
⛔ Short entry may be appropriate when: 🔹 Price is rejected from resistance above (e.g., $5,000–$5,050) 🔹 and tight support breaks (e.g., $4,880–$4,900)
🛑 Stop-Loss 📍 Above $5,060 (to reduce the risk of a fake breakout)
This shorting plan assumes that gold will turn back from resistance at high levels.
📈 Technical Signals — Evidence for Shorting
📉 Some traders have also noticed short shapes or consolidation patterns like Symmetrical Triangle, which indicates the possibility of a breakout (down) when support breaks.
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