Gold price broke down on the 4-hour chart, and the shorts have set their sights on XAUT!



$XAUT /USDT - SHORT to sell

Trading plan:
Entry: 3975.6 – 3982.8
SL: 4013.4
TP1: 3953.5
TP2: 3936.4
TP3: 3910.7

Why pay attention to this structure?
- RSI (15 minutes) is 41.33, momentum is weak, and the 4-hour short trend continues.
- Current price is 3979. TP1=3953.5, TP2=3936.4, SL=4013.4, with a reward-to-risk ratio of 1:2 or higher.
- The 1-day trend is clearly bearish—why short now? Because the 4-hour EMA is being suppressed + a high-confidence signal has already been triggered.

Discussion:
Will this leg reach TP2 first or is it a bull trap rebound? Have you placed your orders?
XAUT-0.72%
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