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Last hurrah for the gold bulls? XAU/USDT 4H-level short signals have already been activated.
$XAU /USDT - SHORT short-sell
Trading plan:
Entry: 4014.13 – 4016.33
SL: 4025.80
TP1: 4007.30
TP2: 4002.02
TP3: 3994.10
Why watch this setup?
- The 15-minute RSI has fallen to 36.5, nearing oversold, but the 4H bearish trend has just started.
- Stop-loss is set at 4025.8, with a risk-reward ratio above 2:1. TP1 looks at 4007.3, TP2 looks at 4002.
- Why now? The top of the daily consolidation range, with bearish momentum building.
Discussion: