$XAU REJECTING KEY RESISTANCE – SHORT BIAS CONFIRMED 🔥
The daily candle closed with a long upper wick at a structural resistance level that has held for three weeks. Volume spiked on the rejection, indicating aggressive selling into the move higher. Momentum is shifting bearish on the 4H timeframe.
This is a logical zone for shorts with a tight stop above the recent swing high. The reward potential below the next support zone is substantial if structure breaks. Are you looking to fade this level or waiting for a retest?
Not financial advice. Always manage your risk.
#XAU #ShortSetup #ResistanceRejection #GoldTrading
🔥
The daily candle closed with a long upper wick at a structural resistance level that has held for three weeks. Volume spiked on the rejection, indicating aggressive selling into the move higher. Momentum is shifting bearish on the 4H timeframe.
This is a logical zone for shorts with a tight stop above the recent swing high. The reward potential below the next support zone is substantial if structure breaks. Are you looking to fade this level or waiting for a retest?
Not financial advice. Always manage your risk.
#XAU #ShortSetup #ResistanceRejection #GoldTrading
🔥