๐จ $XAU BEARISH BIAS โ gold closed H1 at $4,109.77 after losing structure, with the major sell candle printing 8.46ร average volume.
Wyckoff shows developing weakness, while SMC favors sellers below the $4,187.40 protected high.
๐ด NO ENTRY YET: wait for rejection at $4,159.50โ$4,166.03; SL $4,190, TP1 $4,108.80 (1.98R), TP2 $4,073.04 (3.29R).
An H1 close above $4,187.40 invalidates the thesisโdonโt chase the drop; will the next bounce offer a clean rejection? ๐
$XAU #Wyckoff #SMC โ Paper analysis only. Not financial advice.
Wyckoff shows developing weakness, while SMC favors sellers below the $4,187.40 protected high.
๐ด NO ENTRY YET: wait for rejection at $4,159.50โ$4,166.03; SL $4,190, TP1 $4,108.80 (1.98R), TP2 $4,073.04 (3.29R).
An H1 close above $4,187.40 invalidates the thesisโdonโt chase the drop; will the next bounce offer a clean rejection? ๐
$XAU #Wyckoff #SMC โ Paper analysis only. Not financial advice.