Gold — Dead Cat Bounce Into $$$$$ Supply | Short Targeting $4488GOLD (US$/OZ)TVC:GOLDthefxmbrandGold broke down from $4,720+ and bounced from the $4,488 demand base back into the $$$$$ liquidity cluster at $4,590–$4,598 — a classic dead cat bounce into resting sell orders. The oscillator panel confirms bearish divergence: price recovered but momentum is rolling over (signal fading, bear line ticking up). The red projected arrow on the chart seals the continuation lower thesis. Entry: 4,563–$4,598 — $ $$$ liquidity cluster / short zone Stop Loss: $4,648 — above supply zone base TP1: $4,520 — structural midpoint TP2: $4,488 — demand base retest TP3: $4,440 — macro green demand block Risk/Reward: ~3.3R to TP2 | ~4.5R+ to TP3 Confluences: $$$$$ liquidity cluster = institutional short fill zone Bearish oscillator divergence at rejection point 4H downtrend fully intact from $4,720 peak Geopolitical bounce (US–Iran) being faded by structure — classic institutional behaviour Red arrow projection aligns with measured move to demand Trade management: 40% off at TP1, stop to breakeven, add on break below $4,488 targeting $4,440. Invalidation: 4H close above $4,648 = supply reclaimed, exit immediately.