Last hurrah for the gold bulls? $XAUT / USDT short signals are already lit.



XAUT_USDT - SHORT to go short

Trading plan:
Entry: 4009.0 – 4010.6
SL: 4017.3
TP1: 4004.2
TP2: 4000.4
TP3: 3994.8

Why focus on this structure?
• On the daily chart, the bearish trend is clear; the 4-hour timeframe confirms the SHORT direction, with a 95% high confidence.
• RSI on the 15-minute chart is 60.57—not overbought yet, but the 1-hour resistance level at 4009.8 is precisely suppressing price.
• Why now?: Price is consolidating narrowly around 4009.8; with the EMA moving averages in a bearish alignment, after a potential bull trap, it will most likely break down.

Discussion:
For this bearish move, are you targeting TP1 at 4004.2 first, or will it directly smash through TP3 at 3994.8? Where are you placing your stop loss?
XAUT-0.16%
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