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$XAUT USDT stuck under EMA7, not impressed yet
Gold bounced off the 4,361 low but stalled right under 4,383 (EMA7). Volume is weak 462 vs 940 MA5 so this isn't a real buy signal yet. It's a dead cat with a pulse.
What I'm actually watching:
4,383 is the line in the sand. Break above with volume = maybe we see 4,413.
Rejection here = back to 4,361 or worse, 4,347.
Trade plan (simple, no overthinking):
Entry: Only above 4,385 on a 15m close with
volume picking up (above 900).
SL: 4,358 (tight, below today's low).
TP1: 4,413.
TP2: 4,424 if momentum carries.
If it rejects: I'm not shorting here-too close to support. I'll wait for a break below 4,360 to consider shorts toward 4,347.
Bottom line: No chase, no FOMO. Let the market show its hand first.$XAUT #GateEventPointsSystemLaunched