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Gold SHORT signal is out—are you game to follow it?
$XAU /USDT - SHORT (short sell)
Trading plan:
Entry: 4051.93 – 4060.17
SL: 4095.64
TP1: 4026.36
TP2: 4006.56
TP3: 3976.86
Why pay attention to this setup?
- Bearish signal on the 4-hour timeframe; RSI on 15m is 51.23, not oversold.
- Current price is 4056; TP1 at 4026, TP2 at 4006—there’s plenty of room.
- The 1D trend is ranging, but the bears have the edge; SL set at 4095, risk is under control.
- Why now? Wait for confirmation of a breakout at 4051.93; otherwise, stay on the sidelines.
Discussion:
Will this leg hit TP1 first, or is it a bull trap rebound?