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$XAU | 1h | Bearish Continuation Setup
Bias: Short
Entry Zone: 4010 to 4025
Stop Loss: 4042
Targets:
TP1: 3990
TP2: 3965
TP3: 3928
Invalidation:
Close above 4042
Why This Setup:
I’m seeing repeated rejection around the 4010 to 4030 supply zone after a strong impulsive move up. Price is losing momentum and printing lower highs, so I’m favoring a pullback toward the prior support pockets if the market stays below resistance.