$XAU Gold is trading with a heavy bearish bias on the lower timeframes, breaking below local psychological support levels to hit 3,991.7. Sellers are maintaining a strict series of lower highs, treating previous support shelves as overhead resistance. Momentum favors a deeper flush into liquidity pockets to test the local low of 3,965.9 before any durable bottom can form.
Short Entry: 4,010 - 4,030
Targets: 3,965.9 - 3,930 - 3,900
Stop Loss: 4,065