I've learned the hard way that watching a price cling to a moving average like this often ends with a sharp rejection or a sweep. On XAUTUSDT, we're hovering right at that 4,406.80 level, with the 4,413.00 high acting as a clear ceiling. The volume is thin at 75, and the MA5 (96) is rolling over, suggesting the recent push is losing steam.
Instead of chasing, I'm watching for a break and hold above 4,413. That would trap recent sellers and open the door to the 4,425 area. But until I see that confirmed close and volume pick up, I'm in a strict wait-and-see mode. The market is compressing, and the next definitive move happens when we break one of these tight boundaries.
Wait for Confirmation.
Entry: Above 4,413.00 on a 4H close.
SL: 4,395.15
TP1: 4,425.00
TP2: 4,440.00
Invalidation: A rejection at 4,413 or a breakdown below 4,395.
I used to enter at the first sign of a breakout. Now, I wait for the close. It's saved my capital more times than I can count. What level are you watching for a rejection?
@XAUT #xaut $XAUT