Short $XAU 📉

Entry: 5,025.00 – 5,060.00
SL: 5,180.00
TP: 4,950.00 – 4,880.00 – 4,750.00

$XAU is currently struggling to maintain its recent bounce, encountering significant resistance. Price action remains suppressed by the MA7, with a series of red candles indicating persistent selling pressure.

The downward momentum is accelerating, slicing through dynamic support levels. This suggests a high probability of retesting the 4,950 floor. Traders considering long positions should exercise caution.

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(XAUUSDT)