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Are the gold bulls dead? $XAU /USDT short-seller alert is ringing!
$XAU /USDT - SHORT sell
Trading plan:
Entry: 4017.07 – 4018.49
SL: 4024.56
TP1: 4012.69
TP2: 4009.30
TP3: 4004.21
Why pay attention to this structure?
- 4H bearish signal has been activated; RSI (15 minutes) is 45.51, momentum is weak
- Key resistance 4017.78 hasn’t been broken; TP1 below is at 4012.69, and TP2 targets 4009.30
- Within the daily consolidation range, the bearish win rate is 55%; SL at 4024.56 is manageable
Discussion:
Will this wave of shorts hit TP2 first, or will it be a stop-hunt bounce?