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What are the gold bulls still waiting for? 4,060 shorts have already been placed
$XAU /USDT - sell SHORT
Trading plan:
Entry: 4056.66 – 4063.36
SL: 4092.12
TP1: 4035.92
TP2: 4019.87
TP3: 3995.78
Why focus on this structure?
- Daily range-bound action; 4H-level bearish signals confirmed; RSI on 15M is neutral-to-weak (51); no overbought interference
- Current entry at 4060.01; TP1 at 4035; TP2 at 4019; risk-reward ratio exceeds 1:2
- If price breaks below the 4056 support, the sell-off accelerates; the 4092 stop-loss is clear, with risk under control
Discussion:
Will this move reach TP2 first and then bounce, or will it sweep the stop-loss directly?