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Gold $XAU /USDT 4-hour bearish signal—would you dare to follow it?
XAU_USDT - Short SHORT
Trading plan:
Entry: 3997.60 – 4005.28
SL: 4038.31
TP1: 3973.79
TP2: 3955.36
TP3: 3927.71
Why pay attention to this setup?
- Current direction: SHORT, confidence 55.4%, triggered on the 4-hour timeframe.
- 1D trend is range-bound. RSI on the 15-minute chart is 56.86, not overbought, leaving room for downside.
- Why now? Entry reference at 4001.44. TP1 at 3973.79. SL set at 4038.31—risk-reward is reasonable.
Discussion:
Will this bearish move hit TP1 first, or get bounced and eaten by an EMA rebound?