Gold bulls’ celebration, or bears’ trap? $XAU /USDT is hovering around 4117.



$XAU /USDT - SHORT to go short

Trading plan:
Entry: 4116.00 – 4119.08
SL: 4132.34
TP1: 4106.44
TP2: 4099.03
TP3: 4087.93

Why watch this structure?
- 4-hour SHORT signal, confidence 55%, and the 1-day trend is a range-bound market.
- RSI on the 15-minute chart is 54.28, not overbought, but the EMA structure suggests overhead resistance.
- Entry at 4117.54, TP1 4106.44, TP2 4099.03, SL 4132.34; invalidation level 4128.46.
- Why now? Within the range, the SHORT signal aligns with the ATR (1-hour) at 6.17, making short-term pullbacks more likely.

Discussion:
Will this move hit TP2 first at 4099, or will it break above 4128 to lure longs into a reversal?
XAU0.26%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned