$GOLD.US is showing a bearish pullback-and-rejection setup after breaking below the major support zone and completing a shallow retracement. Sellers remain in control, but chasing the 5%+ drop is risky; the $4,335–$4,355 area is the key zone for a fresh short.
EP: $4,335–$4,355
TP1: $4,290
TP2: $4,245
TP3: $4,195
SL: $4,385
The broken support can now act as resistance, with liquidity likely resting above the recent retracement high. A rejection from the entry zone supports continuation lower, while a sustained reclaim above $4,385 invalidates the short structure and signals that sellers are losing control.
EP: $4,335–$4,355
TP1: $4,290
TP2: $4,245
TP3: $4,195
SL: $4,385
The broken support can now act as resistance, with liquidity likely resting above the recent retracement high. A rejection from the entry zone supports continuation lower, while a sustained reclaim above $4,385 invalidates the short structure and signals that sellers are losing control.
