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$XAU $XAUUSDT (1h) - Bearish Rejection Short
Bias: Short
Entry (Zone): 4686.00 - 4694.00
Targets:
TP1: 4672.00
TP2: 4659.00
TP3: 4639.00
Stop Loss: 4718.00
Why this Setup:
I see a strong impulsive rally into resistance, followed by clear rejection candles near the highs, so I want to fade the move on a pullback into this zone. I’m targeting a retrace back into the prior breakout area first, then the deeper liquidity pockets below if sellers stay in control.
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