$XAU SHORT FAVORED NOW

Overall structure remains bearish as long as the price fails to break and hold above 4000-4010 supply zone

Following recent strong impulse, the price is currently consolidating around 3957. On 15m chart, we observe a short-term rejection at 3978 followed by lower high at 3972, indicating a minor loss of bullish momentum

$XAU SHORT SETUP

· Entry Short: 3965 - 3985 (fading recent resistance)
· Stop Loss: above 4015
· TP1: 3945
· TP2: 3910
· TP3: 3885

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