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Gold long/short double-kill script, $XAU /USDT 4H hides a killing move
$XAU /USDT - SHORT
Trading plan:
Entry: 3991.00 – 3998.26
SL: 4029.49
TP1: 3968.48
TP2: 3951.05
TP3: 3924.90
Why pay attention to this structure?
- Current price 3994.81, 4H is clearly bearish (55% confidence), but 1D is in a ranging zone.
- 15M RSI 52.42 is neutral, and 1H ATR 14.5 shows volatility expansion.
- Rationale: In a range market, before breaking above the prior high 4071.80, shorting is safer than chasing longs with leverage.
- Why now? EMA resistance + RSI not oversold—prioritize the short plan: entry 3994.63, TP1 3968.48, TP2 3951.05, SL 4029.49.
Discussion:
Will this move reach TP2 first, or get stopped out by SL? Are you standing with the shorts or the longs?