#XAUUSD #GOLD
Consider shorting only if the gold price faces resistance and pulls back within the 4470–4520 range, or if it breaks below the 4402 level with strong momentum.
Entry Zone: 4470–4520 range (following a rejection/pullback)
Alternative Entry: After a confirmed break below 4402
Target 1 (TP1): 4402
Target 2 (TP2): 4350
Target 3 (TP3): 4309
If the gold price makes a strong recovery back above 4560, the bearish outlook described above becomes complicated. In that scenario, the decline might turn out to be a deep liquidity sweep, with a rebound occurring only thereafter.
Consider shorting only if the gold price faces resistance and pulls back within the 4470–4520 range, or if it breaks below the 4402 level with strong momentum.
Entry Zone: 4470–4520 range (following a rejection/pullback)
Alternative Entry: After a confirmed break below 4402
Target 1 (TP1): 4402
Target 2 (TP2): 4350
Target 3 (TP3): 4309
If the gold price makes a strong recovery back above 4560, the bearish outlook described above becomes complicated. In that scenario, the decline might turn out to be a deep liquidity sweep, with a rebound occurring only thereafter.
