$XAU is showing a bearish continuation setup after losing momentum around the $4,050 psychological region.
Sellers currently have the short-term advantage. Instead of chasing the decline, watch for a recovery toward $4,025–$4,050 and a clear rejection from that resistance area.
EP: $4,025–$4,050
TP1: $3,994
TP2: $3,979
TP3: $3,960
SL: $4,075
The $3,987–$3,979 region is an important nearby downside liquidity zone. A confirmed rejection could bring another move lower, while a strong recovery above $4,075 would invalidate the short idea. Wait for price action confirmation before entering.
Protect your capital and manage leverage carefully.#TwoAddressesHoldingAbout1.28BUSDTFrozen
Sellers currently have the short-term advantage. Instead of chasing the decline, watch for a recovery toward $4,025–$4,050 and a clear rejection from that resistance area.
EP: $4,025–$4,050
TP1: $3,994
TP2: $3,979
TP3: $3,960
SL: $4,075
The $3,987–$3,979 region is an important nearby downside liquidity zone. A confirmed rejection could bring another move lower, while a strong recovery above $4,075 would invalidate the short idea. Wait for price action confirmation before entering.
Protect your capital and manage leverage carefully.#TwoAddressesHoldingAbout1.28BUSDTFrozen