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$XAU (1h) - Bearish Breakdown Retest
Bias: Short
Entry (Zone): 4,160 - 4,185
Targets:
TP1: 4,120
TP2: 4,080
TP3: 4,020
Stop Loss: 4,215
Why this Setup:
I’m looking for a short continuation here because price has been losing momentum after the sharp selloff and is now retesting a broken intraday support zone. I want to fade any weak bounce into resistance and ride the lower highs toward the next support levels.