The Final Carnival for Gold Bulls? XAU/USDT 4H SHORT Signal Is On.



$XAU /USDT - SHORT

Trade Plan:
Entry: 4109.24 – 4116.42
SL: 4147.31
TP1: 4086.97
TP2: 4069.74
TP3: 4043.88

Why Focus on This Structure?
- RSI on the 15-minute timeframe has dropped to 26.93, extremely oversold but the trend is still downward, making any bounce a shorting opportunity.
- The 4H EMA lines are bearishly aligned, and the current price of 4112.83 is hugging the EMA. As long as the breakout level of 4145.67 is not breached, bears remain in control.
- The first target TP1 at 4086.97 is only 25 points away, with a risk-reward ratio exceeding 1:2, making now an ideal entry point.

Discussion:
Will the price first spike to TP1 and then bounce, or will it directly cascade to TP2? Share your thoughts in the comments.
XAU-1.13%
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