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$XAU $XAUUSDT (1h) - Rejection Short
Bias: Short
Entry (Zone): 4492.00 - 4496.00
Targets:
TP1: 4480.00
TP2: 4468.00
TP3: 4458.00
Stop Loss: 4504.50
Why this Setup:
I’m leaning short because price is still failing to reclaim the 4500 area and the latest bounce looks like a weak pullback inside a broader intraday downtrend. I want a rejection entry near the current supply zone, with downside room back toward the prior lows if selling pressure continues.