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Gold prices suddenly stalled; is the 4-hour bullish momentum in XAUT retreating?
$XAUT /USDT - SHORT
Trade Plan:
Entry: 4117.2 – 4124.4
SL: 4155.0
TP1: 4095.2
TP2: 4078.1
TP3: 4052.4
Why focus on this structure?
Don’t be fooled by the 15-minute RSI bounce at 61. The 1-day trend is clearly bearish, and the 4-hour SHORT signal has 95% confidence. The current area around 4120 is a short entry zone, with TP1 at 4095 and TP2 at 4078. Why now? Because the bounce is on low volume and EMA resistance is clear, leaving limited room for a bullish reversal.
Discussion:
Do you think this bearish move will hit TP2 first, or will it be faked out and pull back above 4124?