$XAU Rejection At Highs — Reversal Setup 📉

$XAU SHORT SETUP / Why this level matters: price is rejecting a key resistance zone near the 1H EMA, signaling potential exhaustion after the recent push.

Entry: 4505 – 4508 🟥

Target 1: 4499 🎯
Target 2: 4494 🎯
Target 3: 4487 🎯

SL: 4517 🚫

Price is showing rejection with weak follow-through at resistance. Lower timeframe RSI is elevated and momentum is fading — downside continuation is favored. Enter near the entry zone with proper risk management.

Click to trade $XAU

XAUUSDT

Perp

4,459.56

-0.84%