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$XAU | 1h | Breakdown Retest
Bias: Short
Entry Zone: 4008 to 4020
Stop Loss: 4048
Targets:
TP1: 3980
TP2: 3950
TP3: 3920
Invalidation:
Close above 4048
Why This Setup:
I see a clear bearish structure with lower highs, lower lows, and a strong rejection from the 4040-4050 resistance zone. Price just lost the 4000 area, so I want a breakdown continuation or a weak retest into resistance for continuation lower.