XAUUSD Bearish Setup H1

On this pair, we have a price that is consolidating between 2000 and 2020. My analysis suggests a short entry at the level of 2015.50, where we have a supply zone with a Point of Interest (POI) confirmed by 3 spikes and a descending trendline in which the price could make the third touch before descending towards the target of a 1:2 risk-reward ratio at 2000.

Let me know what you think.

Happy trading to everyone.

Forex48 Trading Academy