$XAU Short Setup

Gold is trading within the 4,660 – 4,675 zone, offering a potential short opportunity with a stop loss at 4,700. Downside targets are placed at 4,620, 4,610, and 4,570.

XAU
XAUUSDT
4,660.21
-0.16%

The broader structure remains bearish, as price continues to trade below a key EMA resistance cluster. The recent bounce on the daily timeframe appears weak, indicating limited bullish strength. As long as price stays below 4,735, this setup favors continuation toward lower support zones.

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