$XAUT showing rejection from intraday highs with momentum turning bearish.


Sellers stepping in as structure weakens on lower timeframes.

EP
4785 - 4800

TP
TP1 4760
TP2 4730
TP3 4700

SL
4820

Liquidity above 4810 was tapped before a sharp downside move, confirming rejection. Weak bounce and lack of bullish follow-through suggest continued downside unless price reclaims the broken range.

Let’s go $XAUT ‌
XAUT0.81%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • 10
  • Share
Comment
Add a comment
Add a comment
LiquidityLullaby
· 1h ago
A bit worried about a false breakdown; if there's a sudden surge back above 4810, be careful of being swept out.
View OriginalReply0
FragmentedSilverStarMap
· 20h ago
Got it. Below 4800, I will reduce my position by half, leaving some to bet on 4700. Don't be greedy.
View OriginalReply0
GateUser-deff9ed8
· 04-16 19:48
The sentiment for gold tokens is relatively weak this time. Once the lower cycle structure breaks below a lower low, the rebound is mostly a selling point.
View OriginalReply0
GateUser-bf5d0c14
· 04-16 14:51
Clear thinking, wait for the rebound to give up.
View OriginalReply0
TheLiquidationLampInMisty
· 04-16 14:40
Taking TP1/2/3 in batches is very comfortable, securing 4760 first to lock in gains, and seeing if the remaining can reach 4730 and 4700.
View OriginalReply0
GlassDomeBaskingInMoonlight
· 04-16 14:33
I prefer to wait until the breakout zone is recovered before making a move; there is space below now, but the volatility is also high.
View OriginalReply0
NFTeaTime
· 04-16 14:33
SL hitting 4820 is quite reasonable; the key is whether it can give another chance to retest 4800, otherwise it’s easy to miss the opportunity.
View OriginalReply0
GateUser-e4351615
· 04-16 14:33
It's too obvious that around 4800 was smashed down, and above 4810, liquidity is consumed and then reversed. This fits very well with your entry zone.
View OriginalReply0
  • Pin