FXNOVA Strategy – XAUUSD Sell from Premium Zone
Analysis
Gold after a strong bullish expansion has now entered a distribution phase near the 4,800 zone (weak high). The rejection from this level followed by a clear CHoCH to the downside indicates that short-term order flow has shifted bearish.
Price is currently trading below the recent internal structure and struggling to reclaim the 4,750–4,800 supply zone, which now acts as resistance. The move down into the EQ area and weak bounce confirms lack of bullish continuation strength.
As long as price remains below this supply, the probability favors a continuation toward the demand zones at 4,650 and lower, where liquidity and previous accumulation exist.
Trade Setup
Enter: Sell below 4,720–4,740
Stop-Loss (SL): 4,820
Target A: 4,650
Target B: 4,550