The bearish signal for gold is already out—do you still dare to chase longs?



$XAU /USDT - SHORT (short sell)

Trading plan:
Entry: 4017.81 – 4020.85
SL: 4033.91
TP1: 4008.40
TP2: 4001.11
TP3: 3990.17

Why focus on this setup?
- On the 4-hour timeframe, it’s bearish. RSI on 15m is 63.09 and relatively weak; bearish momentum hasn’t been released
- Reference point: 4019.33; TP1: 4008.40; TP2: 4001.11; stop loss: 4033.91
- Why now? The daily is ranging; the 1-hour high is under pressure, and the shorting opportunity is ripe

Discussion:
Will this move reach TP2 first, or will you get stopped out and swept?
XAU1.06%
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