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$XAUT — Weak Structure: Sellers Taking Control After Rejection
Tether Gold pushed toward 4,816 but faced a clear rejection, leading to a steady decline on the 1H chart. Price is now printing lower highs with consistent bearish pressure.
📉 Market Structure Insight
Trend has shifted bearish short-term. Buyers are failing to sustain moves higher, while sellers continue to step in on every bounce.
💡 Key Insight:
This isn’t just a pullback — it’s a shift in momentum unless bulls reclaim key levels fast.
🎯 Levels to Watch:
Support: 4,650
Resistance: 4,740
Loss of support could trigger further downside. Reclaim of resistance may bring relief bounce.
Are you looking for continuation short or waiting for a reclaim?