$XAU – Bulls Collapsing After 5.6k Peak Rejection: Bracing for a Deep Dive Toward 4.2k

Short $XAU

Entry: 4,710.00 – 4,800.00

SL: 5,150.00

TP: 4,500.00 – 4,350.00 – 4,200.00

Watching Gold struggle at the 5.6k ceiling before getting slammed by those massive red candles gives me the chills for anyone trying to buy this dip.

The price just sliced through the MA7 with heavy momentum, making it feel like the floodgates have opened for a fast slide back to the 4.2k floor.

Trade $XAU here 👇

XAUUSDT

Perp

4,713.31

-2.93%