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$XAU | 1h | Rejection Short
Bias: Short
Entry Zone: 4694.0 to 4699.0
Stop Loss: 4711.8
Targets:
TP1: 4684.2
TP2: 4674.8
TP3: 4662.0
Invalidation:
Close above 4711.8
Why This Setup:
I’m leaning short after the failed push into the 4700 area, where price is rejecting overhead supply and struggling to reclaim the prior breakdown zone. The structure still favors a fade back into the lower liquidity pockets if sellers keep defending this range.
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