$XAU SHORT — Supply Zone Under Pressure ⚠️
XAU has entered the supply area I was watching for a potential downside reaction. The setup remains bearish, but confirmation is key—if the zone fails, the setup is invalid.
Trade Levels:
- Entry: 4643.62000 – 4647.16000
- TP1: 4632.64000
- TP2: 4624.14000
- TP3: 4611.40000
- SL: 4662.39000
Why I’m watching this zone:
The higher-timeframe structure still points lower, while the 4643.62000–4647.16000 region is the key reaction area around 4645.39000.
The 15m RSI is around 41, leaving room for further downside, while volume is running at roughly 1.57x the expected level, suggesting stronger participation.
For me, the key question is simple:
Will sellers defend this supply zone, or are buyers preparing another move higher?
The reaction here should reveal the next direction.
Educational market commentary, not financial advice.$XAU
XAU has entered the supply area I was watching for a potential downside reaction. The setup remains bearish, but confirmation is key—if the zone fails, the setup is invalid.
Trade Levels:
- Entry: 4643.62000 – 4647.16000
- TP1: 4632.64000
- TP2: 4624.14000
- TP3: 4611.40000
- SL: 4662.39000
Why I’m watching this zone:
The higher-timeframe structure still points lower, while the 4643.62000–4647.16000 region is the key reaction area around 4645.39000.
The 15m RSI is around 41, leaving room for further downside, while volume is running at roughly 1.57x the expected level, suggesting stronger participation.
For me, the key question is simple:
Will sellers defend this supply zone, or are buyers preparing another move higher?
The reaction here should reveal the next direction.
Educational market commentary, not financial advice.$XAU
