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Is this the last wild celebration of gold bulls? XAU/USDT 4H signal has turned bearish
$XAU /USDT - SHORT to sell
Trading plan:
Entry: 4014.13 – 4017.95
SL: 4034.41
TP1: 4002.26
TP2: 3993.07
TP3: 3979.30
Why focus on this structure?
• Current XAU_USDT is ranging around 4016, RSI on 15M is only 53.54, with insufficient momentum
• A SHORT signal has appeared on the 4H timeframe; the 1D trend is in a range and a direction decision is imminent
• If 4014 support breaks, the target is 4002 (TP1), and downside space opens up
Discussion:
Will this move first test 4002 then rebound, or drop straight down like a waterfall to 3993?