👀 Everyone’s focused on gold’s breakout, but the more interesting setup might be the rejection forming on the 4H.
$XAU /USDT – SHORT Setup
📍 Entry: 4314.15 – 4315.15
🛑 SL: 4319.45
🎯 TP1: 4311.05
🎯 TP2: 4308.64
🎯 TP3: 4305.04
Why I'm watching this level:
The 4H bias flips bearish around 4314.64 while the daily structure remains range-bound. RSI on the 15m is sitting around 58, leaving room for downside without needing an extreme overbought reset.
With volatility compressing and momentum fading, a rejection from this zone could open the door for a move toward the 4308 area.
Of course, if buyers manage to reclaim and hold above 4315, the bearish thesis starts to weaken.
What's your take?
📉 Fade the rejection toward 4308?
📈 Or wait for a liquidity grab above 4315 before choosing a side?
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