$XAUUSD Entry: 4600 – 4630
Stop Loss: 4655
Take Profit: 4410
⚡ Alternative (Confirmation Entry)
Sell only if price rejects 4600–4630 zone
Or enter on break below 4560 for continuation
Resistance zone: 4715 – 4740
(previous supply + rejection area)
Breakdown / entry zone: 4600 – 4635
(now acting as resistance after breakdown)
Major target: 4410
(strong demand zone + projected move from channel)
⚡ Trade Idea (Bearish Bias)
Entry: Pullback toward 4600 – 4630
Stop Loss: Above 4635 – 4655
Target: 4410
🧠 Price Action Insight
The sharp rejection from the upper channel + resistance confirms distribution phase completed.
Current move looks like a continuation leg, not just a correction, If price fails to reclaim 4635, sellers remain fully in control.
📌 Current Read:
Price already broke below 4560, so continuation is active. Now the key question is whether sellers extend lower immediately or retest 4600–4630 first before the next leg.
🌴 Jungle Wisdom:
“When structure breaks, patience waits for the next clean path.”
#XAUUSD #GOLD #trading #priceaction #TechnicalAnalysis
