$XAU is facing rejection at a cluster of EMAs, signaling growing downside risk. Currently priced at $4,999.06 (-0.77%). On the 30-minute chart, EMA(7) < EMA(25) < EMA(99), with repeated resistance near $5,020.
SHORT Opportunity: $5,000 – $5,015
Targets:
TP1: $4,980
TP2: $4,966
TP3: $4,940
Stop Loss: $5,035
Unless $XAU can reclaim $5,020, bearish pressure remains. A break below $4,966 may fuel a faster drop toward the $4,940 liquidity zone.