Gold bears are armed—Is 4594 the last line of defense?
$XAU /USDT - SHORT
Trading Plan:
Entry: 4591.02 – 4598.92
SL: 4632.91
TP1: 4566.52
TP2: 4547.55
TP3: 4519.10
Why focus on this setup?
1D is ranging, but the bearish signal on the 4H timeframe has been activated. Conf 55 isn't high, but it's worth a try.
The 15-minute RSI is 43.89, showing short-term weakness. It hasn't reached oversold territory, so there is still room to move lower.
Entry at 4594.97, with TP1 at 4566 securing $28 directly; TP2 at 4547 is the core target.
If 4594.91 is broken, the bearish thesis is invalidated—