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$XAU (1h) - Rejection Short
Bias: Short
Entry (Zone): 4696.0 - 4700.0
Targets:
TP1: 4684.0
TP2: 4674.5
TP3: 4661.0
Stop Loss: 4716.5
Why this Setup:
I’m selling into this 1h rejection area because price is still failing to reclaim the 4700s after the recent spike and pullback. I want a short mean-reversion move back toward the nearest support levels, with 4684 as the first clean reaction zone and 4674.5 as the next downside extension.
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