The gold SHORT signal has lit up, but do you really dare to short?
$XAU /USDT - SHORT
Trading Plan:
Entry: 4675.84 – 4683.92
SL: 4718.69
TP1: 4650.77
TP2: 4631.37
TP3: 4602.26
Why pay attention to this setup?
- 4-hour SHORT, with an entry reference of 4679.88, right around the EMA.
- The 15-minute RSI has reached 76.55, indicating short-term overheating, with pullback pressure building.
- The 1D trend is ranging, not one-way, so this short aims to capture a swing, not a trend.
- Why now? Because RSI is overbought and the price has reached the resistance zone, offering a favorable risk-reward r