$XAU /USDT Perp – "Bearish Breakdown – Short"**


**Trading Plan Short $XAU
Entry: 4,640 – 4,650
SL: 4,665
TP1: 4,625
TP2: 4,600

XAU is down -0.12% at 4,632.87, crashing below the EMA10 (4,637.40) and EMA30 (4,644.29). MACD is heavily bearish. The 4,663.34 yellow line is the ceiling. TP targets the 4,626.26 low. SL above 4,665.
#GateStockInsightsChallenge
XAU-0.06%
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.
30 views
  • Reward
  • 6
  • 2
  • Share
Comment
Add a comment
Add a comment
DiamondHands
· an hour ago
The short order at 4640 has been placed. Hopefully, it won’t spike straight up, or it’ll get stopped out again.
View OriginalReply0
DrawdownHunter
· an hour ago
This trade plan is pretty standard, with clear entry, stop-loss, and take-profit levels. I just don't know whether it can reach TP2 smoothly; anyway, I'll secure TP1 first.
View OriginalReply0
DegenArtist
· an hour ago
Breaking below EMA10 and EMA30, with the MACD forming a bearish cross downward, it is indeed a bearish setup. However, the yellow line at 4663 above is resistance, so shorting on a pullback is relatively safer.
View OriginalReply0
OnChainGossip
· an hour ago
With the market this weak, even gold can’t escape unscathed. Anyway, I support shorting, but don’t hold losing positions—get out when it’s time.
View OriginalReply0
CrossChainSurfer
· an hour ago
A bearish technical outlook is fine, but it looks like there may be data today? Watch out for a sudden news-driven pump; consider a light position or staying on the sidelines.
View OriginalReply0
ExponentialExit
· an hour ago
Every time gold looks like it’s about to crash, it ends up V-ing back. Hopefully this time it’s real—I’m taking a small position anyway.
View OriginalReply0
  • Pinned