Gold $XAU – Short Setup Activate🚨
Gold rejected from 5,120 resistance and formed a strong bearish 4H candle.
Price currently trading around 4,978 with clear downside momentum.
🔎 Technical Reasons:
• MA(9) crossing below MA(15) → Bearish signal
• Strong rejection from 5,120 zone
• Lower high formed on 4H
• High selling volume on breakdown
• Support at 4,880 recently tested
🎯 Trade Plan:
Entry: 4,970 – 4,990
Stop Loss: 5,050
Targets:
TP1 – 4,920
TP2 – 4,880
TP3 – 4,820
Risk–Reward looks clean if momentum continues.
⚠️ If price reclaims 5,050 with strong volume, bearish setup invalid.
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