** Chart Instrument:** Gold Spot / U.S. Dollar (XAUUSD)
** Timeframe:** 30-minute chart
** Published Date:** April 10, 2025
** Current Price:** ~3123.92
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### Trade Setup (Short Position)
– **Entry Zone:** 3129–3131
This is the suggested area to enter a short (sell) position. It’s within a highlighted purple resistance zone, indicating potential price rejection.
– **Stop Loss (SL):** 3136
Positioned just above the resistance zone, this protects against further upside movement if the trade goes wrong.
– **Take Profit (Target):** 3050
This is the downside target, anticipating a move lower from the resistance.
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### 🟪 Zone Highlighted
– A **purple rectangular zone** marks a strong resistance area where the price previously reacted. This is the key area for potential reversal.
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### Strategy Insight:
The chart shows a rising trend leading into a resistance zone, suggesting a possible **reversal or pullback**. The trader is looking to capitalize on a **short-term decline** from that resistance level.