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$XAU (1H) - Range Rejection Short
Bias: Short
Entry (Zone): 4158.00 - 4163.00
Targets:
TP1: 4145.50
TP2: 4134.50
TP3: 4119.00
Stop Loss: 4172.50
Why this Setup:
I’m still leaning short as price keeps failing to build momentum above the 4160 area after a sharp breakdown. I want a clean rejection from this intraday range for a move back toward the recent lows, with downside extension likely if sellers stay in control.