XAUUSDc M15 | 07:00

WAIT: Price rebounded to 4127.479 after the broader M15 decline, with the latest four closed bars holding above 4121.150.

The key zone is 4125.5-4129.042. A zone touch or close inside it is not an entry; wait for a later closed M15 bearish reversal candle.

Entry Zone: none defined. Trigger: confirmation close beyond the zone with matching body direction, an improved previous close, and a rejection wick of at least 0.5 body ratio.

SL: none defined. TP: exactly 1R from the eventual confirmation-close entry. RR: 1.0. Action: NO_TRADE.

Invalidation: none defined; an upside close through the zone would weaken the short-side context. The 75-minute gap and lower rebound volume also call for caution.

Confidence: 61%