XAUUSD M5 Clean Sell Setup
Caught the downside momentum on Gold (M5) following the trendline rejection and strong bearish pressure.
Stacked multiple sell positions around 4998 area and rode the move down to 4991. Clean continuation with strong bearish candles and no major pullbacks.
Trend was clear, structure was bearish, and momentum confirmed the move.
Sometimes it’s just about trusting the trend and executing with confidence.
What’s next for gold more downside or bounce from this level?
True, Gold and EUR can show correlation at times, especially through USD strength.
If USD is strong, both XAUUSD and EURUSD tend to move down. But the correlation isn’t fixed it shifts depending on risk sentiment, yields, and macro drivers.
On H4 we can see similar pressure, but I still prefer to trade each chart based on its own structure and momentum.