Gold Wedge Retest: $4,816 Rejection, $4,750 Next
XAUUSD back at broken wedge trendline + EMA 200 confluence near $4,816. Rejected for now.
*Levels:*
Resistance: $4,816 - $4,820 broken trendline + EMA 200. Hold below = bearish.
Support: $4,801 - $4,805 rising support. Lose this = $4,788 then $4,750.
Reclaim: 15m close above $4,825 invalidates breakdown.
*Trade:*
Below $4,816 → Short to $4,788. SL $4,826.
Wedge measured move target: $4,750 zone.
*Why It Matters:*
Failed retest of wedge + EMA 200 = sellers in control. Gold down = DXY up = risk-off.
Trendline rejected. $4,750 magnet active unless bulls reclaim $4,825.
Shorting the retest or waiting for $4,750?