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Gold bulls still holding on? 4063 is the last fig leaf
$XAU /USDT - SHORT
Trade Plan:
Entry: 4059.57 – 4067.53
SL: 4101.80
TP1: 4034.86
TP2: 4015.73
TP3: 3987.04
Why focus on this structure?
- 15m RSI at only 43.31, momentum bearish
- 4h cycle SHORT signal activated, TP1 target 4034.86
- Daily consolidation, 4063.55 is a short-term critical level – breakdown would accelerate
Why now? Data confirms SHORT direction, and 1h ATR volatility at 15.9, suitable for range breakout
Discussion:
Will this go straight to TP2 at 4015, or fake out and reverse? Where have you set your stop?