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📊 Market Update
– XAU/USD M30 –
Gold kept its bearish continuation after the strong displacement from the highs and printed a new swing low around 4105–4115. Since then price has been rebounding in a corrective leg, and I still see it as a pullback inside the bearish structure, not a reversal.
Main Scenario
➤ Sell Zone: 4175 – 4180
This area is the retest of the previous supply, and it lines up with the descending trendline, so we have real confluence for sellers. If price pulls back into this zone and the bearish structure holds, I will prioritize SELL setups in line with the dominant trend.
🎯 Target: 4155 – 4160
This is the first reaction area where price can rebalance after rejecting the supply.
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📊 GOLD SETUP #02
📅 September 28
🔴SELL XAUUSD: 4166–4169
🔺 SL: 4174
🎯 TP: 4161 • 4153 • 4140
𝙏𝙃𝙐𝙉𝘿𝙀𝙍⚡️𝙂𝙊𝙇𝘿 ( 𝗩𝗜𝗣 )
U.S. SESSION ❤️
— XAUUSD/M30 —
Gold has continued lower exactly with the bearish structure we followed earlier, reaching the 4,140–4,150 area before slowing down. M15/M30 are now moving sideways around the lows, while H1 and H4 still keep the broader bearish structure intact.
→ Key Resistance Zones
Near Resistance: 4,155–4,165
Key Resistance: 4,180–4,200
→ Key Support Zones
Near Support: 4,140–4,145
Key Support: 4,120–4,130
📌 Flora’s View
The bearish idea is still working, but after such a strong drop, Flora doesn’t want to chase price around the current lows.
If Gold can recover and hold above 4,155–4,165, we may see a deeper correction toward 4,180–4,200. But if this recovery fails and 4,140 breaks with clear M30 acceptance below, sellers could continue toward 4,120–4,130.
For now, I’m happy to let Gold finish this consolidation first. The direction is still bearish the better entry location is what we’re waiting for. 🌿
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