This chart shows a 30-minute price movement for CFDs on Gold (XAU/USD), highlighting a short (sell) trade setup. Key elements include:
Downtrend Line: The blue curve suggests a longer-term descending trend.
Short Entry: The green zone to the right indicates a short trade entry point.
Stop Loss: Placed slightly above the entry, protecting against upward reversals.
Take Profit: Marked below, indicating the expected price decline target.
Bearish Momentum: The arrow emphasizes the direction of expected price movement.
This is a classic bearish continuation setup in a downtrend. Would you like help analyzing whether this setup still offers a good entry point?