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Are the gold bulls still stubbornly holding on? $XAUT /USDT 4-hour shorts are already in place.
$XAUT /USDT - SHORT
Trading plan:
Entry: 4104.4 – 4109.0
SL: 4128.8
TP1: 4090.1
TP2: 4079.0
TP3: 4062.5
Why focus on this structure?
- The 1D trend is clearly bearish; on the 4H, the EMA arrangement is bearish; the 15m RSI is only 55.4, and rebounds lack strength.
- The entry range is 4104.4–4109.0, stop-loss at 4128.8, with a reward-to-risk ratio above 2:1.
- Why now? Daily bearish pressure + short-term rebound exhaustion; 95% confidence bearish signal.
Discussion:
Will this wave of shorts hit TP1 at 4090 first, or will it insert a spike to lure longs before smashing lower?