XAUUSD GOLD Trade Idea

XAUUSD 1H chart, lower high, break of astructure to the downaide, looking for a sell at the 50-61.8% fibo zone. SL above the previous range high and 2R target at the swing low. Not financial advice.

Kommentera:

Apologies for the typos in the description, here's an amended version: XAUUSD (Gold) 1H chart shows a bearish setup with lower highs and a downside break of structure. I'm looking to enter a sell position within the 50-61.8% Fibonacci retracement zone, placing my stop-loss above the previous range high and targeting a 2R profit at the recent swing low.