$XAUT is showing signs of exhaustion after hitting resistance near the 4710 intraday high. With price struggling to maintain ground above 4670, sellers appear to be stepping in for a potential liquidity grab on the downside.
Trade Setup: Short 🔴
Entry Zone: 4665 – 4685
Target 1: 4620
Target 2: 4585
Target 3: 4540
Stop Loss: 4725
Market Outlook
The rejection at the highs suggests weakening bullish strength. If the price breaks and holds below 4660, expect a deeper correction as the market moves to test lower support levels.
Note: Always manage your risk and wait for confirmation before entry.
XAUTUSDT
Perp
4,579.92
-2.13%
