$XAU /USDT SHORT

XAUUSDT

Perp

4,627.18

+1.41%

Entry: $4,765 – $4,775

SL: $4,795

TP: $4,735 — $4,705

Why this setup?

- XAU is facing heavy selling pressure near the $4,775 resistance, failing to confirm a clean breakout despite multiple attempts.

- Market sentiment is jittery following the $292M Kelp DAO exploit, causing widespread liquidity exits and safe-haven volatility.

- Sellers maintain dominance as long as price remains below the entry zone, with momentum shifting toward a deeper pullback.

- SL at $4,795 is placed above the recent intraday high to protect capital if the bearish thesis flips to a bullish breakout.