Did gold just break down? $XAUT /USDT shorts still have a second wave.



XAUT_USDT - Sell SHORT

Trade plan:
Entry: 4108.3 – 4111.3
SL: 4123.9
TP1: 4099.2
TP2: 4092.2
TP3: 4081.6

Why focus on this structure?
- The 1D trend is clearly bearish, with a 95% confidence in bearish signals on the 4H cycle.
- RSI on 15m is 68.56, close to overbought, with weak rebound strength.
- Current price is 4109.8. If it breaks below 4108.3, TP1 at 4099.2 is right in front of you.
- Why now? The short-term rebound has reached a key resistance, and with EMA pressure, the shorts are building up for takeoff.

Discussion:
Will this wave hit TP2 at 4092 first, or will it fake a breakdown and then pull back?
XAUT0.23%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned