# resistance

#Gate广场五月交易分享
My Intraday Short Plan for Gold (XAUT)
## 1. Market Review
XAUT current quote is 4,720 USDT, up 0.7% over the past 24 hours, and up 2.6% over 7 days. The current London gold price is approximately $4,702-$4,711 per ounce. XAUT’s 4,720 USDT price carries about a 0.4% premium—this is normal for gold tokens in the crypto market.
### Support levels:
4,650 (XAUT approximately corresponds to 4,660) — XAUT’s intraday low today at 4,650 overlaps with the support level marked on TradingView. Strong support, already tested intraday. If it breaks, it will enter a new downward range.
4,600

Short $TLM : ideal resistance zone at 0.00338-0.00348 🎯
Entry: 0.00338 – 0.00348 🔥
Target: 0.00320 🚀
Stop loss: 0.00360 ⚠️
This zone has rejected the price twice in the past 48 hours, and the bearish pressure has not eased. Trading volumes are decreasing with each upward attempt, and that tells me that sellers are still in control. If we see a clear rejection from here, the drop toward 0.00320 may come quickly.
The risk-to-reward ratio is tight if you wait for confirmation at the upper end. Will you take the short trade at 0.00348 or wait for a lower entry?
Not financial advice. Always man