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Gold 4062 is set up for a short—don’t chase after the “waterfall” drop!
$XAU /USDT - SHORT / Sell
Trading plan:
Entry: 4059.18 – 4066.38
SL: 4097.38
TP1: 4036.83
TP2: 4019.52
TP3: 3993.57
Why watch this setup?
• 1-hour EMA pressure downward; 15-minute RSI 54.23 rebounds but has no strength
• 4-hour direction is clearly SHORT: SL 4097, TP1 4036
• Now entering at 4062—reward-to-risk is 2.5:1. Missing the chance to wait for a pullback?
Discussion:
Will this move hit TP2 at 4019 first, or is it a bull trap that pulls back to 4088?