What are the gold bulls waiting for? XAUT is about to break down.



$XAUT /USDT - Short SHORT

Trading Plan:
Entry: 4119.8 – 4125.4
SL: 4149.8
TP1: 4102.2
TP2: 4088.6
TP3: 4068.2

Why pay attention to this structure?
- The 4-hour RSI has dropped to 22.7, severely oversold, but the 1D trend is clearly bearish.
- Current price 4122.6, hugging the EMA downward channel, bearish momentum has not exhausted.
- Why now? The 15-minute RSI is near the extreme, after a short-term rebound it is likely to continue southward, TP1 at 4102, TP2 at 4088.

Discussion:
Is this wave going straight down to TP2, or will it first trap bulls and then kill?
XAUT-0.51%
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