Gold $XAU – Short Setup Activate🚹

Gold rejected from 5,120 resistance and formed a strong bearish 4H candle.

Price currently trading around 4,978 with clear downside momentum.

🔎 Technical Reasons:

‱ MA(9) crossing below MA(15) → Bearish signal

‱ Strong rejection from 5,120 zone

‱ Lower high formed on 4H

‱ High selling volume on breakdown

‱ Support at 4,880 recently tested

🎯 Trade Plan:

Entry: 4,970 – 4,990

Stop Loss: 5,050

Targets:

TP1 – 4,920

TP2 – 4,880

TP3 – 4,820

Risk–Reward looks clean if momentum continues.

⚠ If price reclaims 5,050 with strong volume, bearish setup invalid.

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XAU
XAUUSDT
4,923.94
-0.42%