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XAUUSD Sell position idea

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Price Action Analysis

Price remains in a bearish trend, currently approaching a major resistance level

Price continues to trade below the Daily 20MA, indicating sustained bearish momentum

Waiting for a confirmed rejection at resistance on the lower timeframe before considering a potential short entry

Take profit is positioned at the next major support level

Always apply proper risk management and maintain a well positioned stop loss with sufficient room for market fluctuations

Penafian

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