$XAU /USD Resistance Rejection — Scalp Short Opportunity.
Short $XAU /USD (Gold) Entry: 4265 – 4270 SL: 4282
TP1: 4252 TP2: 4238 TP3: 4222 TP4: 4205 TP5: 4188
Price is testing a key resistance area where sellers are expected to defend aggressively. Momentum is showing signs of exhaustion after the recent push higher, while the current zone aligns with a potential rejection area. As long as 4282 remains intact, the bearish continuation scenario remains favored.
$OP is developing a potential inverse head and shoulders pattern, with the right shoulder still forming. The highlighted support zone is the key area to watch, as holding this level keeps the bullish reversal setup intact for $OP
A reaction from the boxed zone could offer a solid long opportunity, targeting a breakout above the neckline.
HYPE is showing signs of exhaustion after a strong upward move, with sellers defending the resistance zone. Structure favors a short-term rejection as bearish momentum begins to build around current levels.
A sustained hold below resistance can trigger further downside continuation toward the listed scalp targets.