XAUUSD is trading below key intraday levels after a strong rejection from premium pricing.

My current bearish bias is based on:

Potential SMT divergence with a correlated market.
Failure to continue higher after reaching liquidity.
Expectation of a retracement toward the New York dealing range.

Invalidation: sustained move above 4059.5. XAUUSD

Targeting lower liquidity resting below recent lows.

This is a personal market view, not financial advice.