Gold ($XAU ) Bearish Setup Below $5,000 Resistance
Current Price: $4,955.56 (-2.11%)
On the 30-minute chart, price is trading beneath the EMA (7/25/99) following a strong rejection at $5,082.30. Momentum remains weak while staying under the key $5,000 resistance level.
🎯 Short Entry Zone: $4,960 – $4,995
TP1: $4,913
TP2: $4,880
TP3: $4,820
Stop Loss: $5,030
As long as price fails to reclaim $5,000, the intraday bearish structure remains intact, with downside pressure targeting the $4,880 liquidity area. A decisive close above $5,030 would invalidate the bearish continuation scenario.
XAUUSDT
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