Gold (XAU/USD) 1-Hour Chart: Precise Trading Setup

Gold (XAU/USD) 1-Hour Chart: Precise Trading Setup
This chart highlights a clear "Sell Zone" for Gold prices, representing a strong technical resistance level. The setup focuses on two critical elements:

1. Identification of the Sell Zone:
This zone is ideal for initiating short trades with high probability, as the price has repeatedly faced rejection at this level.


2. Take Profit Targets:

First Take Profit (2710): A conservative target where traders can secure partial profits while managing risk.

Second Take Profit (2690): A more aggressive target to maximize gains if the price continues to decline.


Analysis:
This setup is based on precise technical analysis and price action. The supporting volume trends add strength to the trade's potential success.