Gold price around 4055—has the short signal been confirmed by 95%?



$XAUT /USDT - SHORT sell

Trading plan:
Entry: 4051.2 – 4059.2
SL: 4094.0
TP1: 4026.1
TP2: 4006.7
TP3: 3977.6

Why focus on this structure?
- On the 4-hour timeframe, the trend is clearly bearish; on the 15-minute chart, RSI is only 50.99, with no rebound momentum.
- Current price 4055.2 is near the entry zone; TP1 is 4026.1, TP2 is 4006.7, with a favorable risk-reward.
- SL at 4094.0 is only 0.96% risk; if doing a long against the trend, the potential loss would be larger.

Discussion:
Will this move first hit TP2, or will it trap with a bearish pull and rebound up to the SL?
XAUT1.28%
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