$XAU — Possible Blow-Off Top 🥇💥

Gold went parabolic and got sharply rejected, which is never a healthy sign. Heavy sell volume confirms strong distribution, and losing the EMA increases the risk of a trend shift ⚠️

Plan:

• Look to sell any bounce 🔴

• Key resistance sits around 5.0k – 5.1k 🧱

• Downside targets: 4.75k → 4.6k 🎯

After a manic move, gold usually cools off hard

$XAU

XAU
XAUUSDT
4,696.09
-3.83%

#GOLD #XAU #Commodities #MarketAnalysis