Has gold's safe-haven status failed? Bearish engulfing signal for XAUT has appeared.



$XAUT /USDT - SHORT

Trading Plan:
Entry: 4094.2 – 4101.2
SL: 4131.6
TP1: 4072.3
TP2: 4055.3
TP3: 4029.9

Why focus on this structure?
- 4-hour bearish confirmation, daily trend clearly downward.
- RSI 15-minute 62.99, high pullback pressure after short-term overbought.
- Current price 4097.7, first target TP2 at 4055.3, stop loss 4131.6, risk-reward ratio 2:1.
- Why now? Daily bearish + 4-hour confirmation + short-term overbought confluence, precise entry.

Discussion:
Will this wave hit TP2 first, or is it a bear trap followed by reversal?
XAUT0.66%
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