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Gold hit 4,120 and ran. Now it's bleeding at 4,085." 📉
Gold rejected 4,120 twice and is now drifting lower at 4,085. The safe-haven rally is losing steam — buyers are exhausted, and sellers are stepping in. MACD is bearish, and volume is fading.
My short trade:
Entry: 4,085.97
SL: 4,105.00
Targets: 4,070.00 / 4,055.00
The safe haven is turning into a sinkhole.
#xau, $XAU