$XAUUSDT breakdown. After the double top met resistance at 3,978, the 1H candle closed below 3,921, losing support; now at 3,919. Next downside target: the confluence of the 3,900 round-number level and 4H MA20 at 3,908. If that breaks, watch 3,880. Yesterday’s +2% rebound has been mostly erased, with institutional bearish bets playing out.
Conservative: Short if a rebound fails to reclaim 3,921; stop at 3,935
Aggressive: Short on a break below 3,917; stop at 3,930 (0.01 lots ≈ 39U, about 2U at 20X, loss of 0.13U)
Invalidation: 1H close back above 3,921; a false breakdown could rebound to 3,935
#Gold
Conservative: Short if a rebound fails to reclaim 3,921; stop at 3,935
Aggressive: Short on a break below 3,917; stop at 3,930 (0.01 lots ≈ 39U, about 2U at 20X, loss of 0.13U)
Invalidation: 1H close back above 3,921; a false breakdown could rebound to 3,935
#Gold