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?
XAU0.56%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned