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$XAU $XAUUSDT (1h) - Bearish Continuation Short
Bias: Short
Entry (Zone): 4122.00 - 4128.00
Targets:
TP1: 4102.00
TP2: 4088.00
TP3: 4068.00
Stop Loss: 4143.00
Why this Setup:
I’m looking for a rejection near the 4,120-4,130 breakdown area, since price has already lost momentum after the recent lower high and is still trading below nearby supply. I want continuation to the downside if sellers defend this zone again, with the first push toward the recent lows and then a deeper move into the next liquidity pockets.