📉 $XAU
– Waiting to short the 4,100 zone
Gold staged a V-shaped rebound from 3,880 to ~4,115, but the daily chart is still in a downtrend. The 4,091-4,115 area is a confluence supply zone (M15/M30 + daily supply), a good place to wait for a pullback and look for a rejection signal.
🎯 Entry: 4,100
🛑 SL: 4,119 (invalidated if M15 closes above this level)
✅ TP: 4,058 (partial profit possible at 4,078)
⚖ R:R ≈ 1:2.2
⚠ US jobs data may be released today, so manage your position size carefully. This is just a personal view, not investment advice.
#Gold #XAU