XAUUSD is testing the H1 supply zone following a strong downward push in the European session. Spot sits just below the 4600 round number after sweeping internal liquidity.
This zone carries strong confluence: the 4600 round figure, a dense pivot cluster, and H1/5H momentum indicators aligned with a strengthening DXY. Aligning with higher-timeframe resistance makes this the primary shorting area for New York.
We are monitoring for a pullback reaction. A sustained close above the recent swing high invalidates this bearish thesis.
#XAUUSD #GOLD #TRADE #SHORT #SELL
This zone carries strong confluence: the 4600 round figure, a dense pivot cluster, and H1/5H momentum indicators aligned with a strengthening DXY. Aligning with higher-timeframe resistance makes this the primary shorting area for New York.
We are monitoring for a pullback reaction. A sustained close above the recent swing high invalidates this bearish thesis.
#XAUUSD #GOLD #TRADE #SHORT #SELL
