$XAU is currently sitting in a clear range……We can see strong resistance around 4755–4760 and support near 4660. Price is struggling below resistance and forming lower highs showing weakness.
Right now, this looks like a possible bearish continuation setup.
If price fails to break above resistance, we can expect a move toward the downside, targeting the lower support zone.
Best approach:
- Wait for rejection near resistance → short opportunity
- If breakout happens → then avoid shorts and wait for retest
Don’t rush entries wait for confirmation and trade the levels.