XAUUSD SELL NOW ENTRY POINT 2900

It looks like you're analyzing a potential sell trade for XAU/USD (Gold) at 2900, with multiple take profit (TP) levels and a demand zone. However, before executing any trade, consider the following:

Key Levels in Your Trade Plan:

Sell Entry: 2900

Take Profit 1 (TP1): 2877

Take Profit 2 (TP2): 2859 (Demand Zone)

Take Profit 3 (TP3): 2833 (Support Zone)


Things to Consider Before Selling:

1. Trend Confirmation: Check if the price is in a downtrend or showing signs of weakness before entering.


2. Resistance at 2900: If 2900 is a strong resistance level, a sell might be valid. However, if price is bullish, it could break above.


3. News & Events: High-impact news (e.g., NFP, CPI, Fed statements) can cause high volatility.


4. Liquidity & Volatility: If there’s low liquidity, price could move unpredictably.



Risk Management:

Use a Stop Loss (SL) above a key resistance to protect against reversals.

Never risk more than 1-2% of your capital per trade.

If price reacts strongly at 2859 (Demand Zone), watch for reversal signs before holding for 2833.


Would you like me to check the latest XAU/USD price and market sentiment for confirmation?