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Gold topping? $XAUT /USDT 4-hour bearish signal has lit up
$XAUT /USDT - SHORT
Trade Plan:
Entry: 4075 – 4083
SL: 4117
TP1: 4051
TP2: 4032
TP3: 4004
Why pay attention to this structure?
- 1D trend clearly bearish, 4-hour bearish signal with 95% high confidence
- RSI 15 min 27.33, oversold but no rebound, bearish momentum continues
- Current entry 4079, TP1 4051, TP2 4032, SL 4117, risk-reward ratio reasonable
Discussion:
Will this short position reach TP2 4032 first, or is it a bear trap and rebound?