XAUUSD SHORT SET-UPGold vs US DollarPEPPERSTONE:XAUUSDzaneyboNOTE: IM USING RENKO CHART TO GET HMA 200 VALUE Price failed to reclaim the HMA 200 short-entry zone (~4709) Multiple lower highs formed after the sell trigger Current price is hovering around the TP1 region (~4698) Momentum appears corrective rather than impulsively bullish This favors a sell-the-rally approach unless price cleanly reclaims HMA 200. Trade Plan Primary Bias BEARISH below 4709–4710 That HMA 200 zone is MY key invalidation level. As long as price remains below it: shorts remain favored rallies are likely liquidity grabs downside continuation remains active Current Structure Resistance Zones 4700–4710 → major rejection zone 4733–4740 → higher timeframe sell zone Support / Targets TP1 → 4698 ✅ reached TP2 → 4689 TP3 → 4677 Extended → 4654 / 4562 zone Stop Above: 4710 aggressive 4733 conservative Profit Taking Plan TP1 4698 partials move stop to breakeven TP2 4689 key liquidity area TP3 4677 strong support reaction likely Runner 4654 NOTE: Only if momentum accelerates Bullish Invalidation The short thesis weakens if: price closes strongly above 4710 HMA 200 flips back into support bullish displacement candle appears structure breaks above 4733 If that happens: stop forcing shorts reassess for V-recovery continuation Tactical Read Right now the chart looks like: failed bullish recovery transition back into bearish continuation ranging under resistance before another leg lower The cleanest setup is patience: let price retest resistance, then short rejection rather than chasing lows.