Recovery Rejected Again — EMA200 Remains the BossXAU/USD SpotFX:XAUUSDSmartFlow2026This analysis uses SmartFlow SMC (Free) — auto-detects BoS, MSS, EQH/EQL, BSL/SSL, and Sweeps. No repainting. Community Scripts. Pro version with FVG, OB, OTE, Confluence, and Alerts coming soon. ═══════════════════════════════════════ █ STRUCTURE The $4,100 → $4,600 recovery attempt from last week is now failing. SmartFlow shows SHORT/Bearish again. Price currently at $4,439. The rally pushed above EMA200 (cyan, ~$4,480) briefly but couldn't hold. Multiple bullish BoS on the way up were encouraging, but structure has now flipped back to bearish with price rejecting below EMA200. Same pattern we've seen for two weeks: bounce → EMA200 → rejection → new bearish BoS. █ KEY LEVELS Resistance: $4,480 (EMA200 — price just got rejected here) Resistance: $4,550-4,600 (recent swing high) Support: $4,400 (current area) Below: $4,300 / $4,100 (previous low) █ WHAT TO WATCH EMA200 ($4,480) is the line. Structure flipped bearish below it. If $4,400 breaks → retesting $4,300. If price reclaims $4,480 with bullish MSS → structure flips again. Not financial advice. For educational purposes only.