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What are the gold bulls waiting for? $XAU /USDT 4-hour death cross has appeared.
$XAU /USDT - SHORT (short sell)
Trade plan:
Entry: 4114.35 – 4118.19
SL: 4134.71
TP1: 4102.44
TP2: 4093.22
TP3: 4079.39
Why focus on this structure?
- Current price is 4116; 4H direction is SHORT; RSI on 15M is neutral-to-weak (52.8).
- Clear EMA suppression on 1H; yesterday’s high at 4129 is a short-term ceiling.
- Why now? A 55% SHORT signal combined with range-bound consolidation—TP1 at 4102 is right ahead.
Discussion:
Will this move first hit 4102, or will it pull back directly above 4129?