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$XAU $XAUUSDT (1h) - Range Rejection Short
Bias: Short
Entry (Zone): 4490.00 - 4494.00
Targets:
TP1: 4478.00
TP2: 4468.00
TP3: 4448.00
Stop Loss: 4508.50
Why this Setup:
I’m still leaning short as price is failing to reclaim the 4,500 area after a sharp rejection, and the recent bounce looks more like a retest than trend reversal. I want a clean fade into the nearby support shelves, with downside likely to extend if sellers keep control below the range high.