XAU intraday update

Bias: short-term bearish (pullback).

XAU is still holding a bullish structure on H1, but short-term weakness is forming after a buy-side liquidity sweep around 4785–4790.

Price showed a clear bearish displacement on lower timeframe, indicating selling pressure entering the market.

Currently, price is pulling back into a key zone (FVG + EMA50), where continuation to the downside is likely.

This $XAU setup is valid only if price shows rejection at the zone.

Execution plan:

Wait for confirmation on M5 (rejection or bearish engulfing).

No reaction within 1–2 candles → no trade.

🔴 TRADE: SHORT XAUUSD (SCALP)

🎯 Entry: 4776

⛔ SL: 4788

🥇 TP1: 4765

🥈 TP2: 4752

#Gold #XAUUSD #SMC