🚨 $XAUUSD (Gold)
Rejection at highs, smart money starting to scale out
Despite strong bullish positioning, price failed to hold highs and is now showing signs of exhaustion.
Lower highs forming → short-term weakness building.
📉 Trading Plan — Short $XAUUSD (Gold)
Entry: 4755 – 4775
SL: 4805
TP1: 4720
TP2: 4680
📊 COT Insight:
Funds remain net long, but longs are decreasing while shorts are increasing — early signs of distribution.
Hedgers are selling into strength.
⚠️ Execution:
Wait for retracement into resistance
Take partial profits at TP1
Trail risk once in profit
This is a pullback trade within a broader bullish trend — not a full trend reversal.