PERPETUAL TECHNICAL ANALYSIS BEARISH CONTINUATION SETUP

$XAU is showing strong bearish momentum after a sharp rejection from the upper supply zone. Price has broken below a key intraday support and is now trading under major EMAs, confirming sellers’ control. The structure suggests a continuation to the downside as long as price remains below the previous breakdown level. Momentum indicators favor further weakness, with bears defending every minor pullback.

Entry Zone: Near the broken support acting as resistance

TP 1: 5,145

TP 2: 5,047

TP 3: 5,018

Stop Loss: Above 5,399

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XAUUSDT

Perp

5,025.07

-0.25%