Rear Follower's💞💞

$XAUT is showing a sharp rejection from the highs and setting up for a potential downside move...

Entry Range: 4695 – 4710

Stop Loss: 4735

Targets:

TP1: 4680

TP2: 4655

TP3: 4625

Price pushed aggressively to the upside but immediately faced strong rejection near the resistance zone, forming a potential lower high. This kind of move often traps late buyers before reversing back down.

The structure is currently weak, and we are seeing momentum shifting as sellers step in after the spike. Best approach here is to wait for price to stay within the resistance area and confirm rejection rather than entering impulsively.