$XAU Short 100x | Supply area hit, execution over opinion.
XAU finally reached the zone I mapped out for this trade. I'm in the trade, and the level only works if sellers defend it.
Trade Plan:
- Entry: 4615.21820 – 4620.35426
- TP1: 4599.29638 (R:R 1:0.8)
- TP2: 4586.96982 (R:R 1:1.2)
- TP3: 4568.47997 (R:R 1:2.0)
- SL: 4642.43936
Why this setup?
- The short thesis holds on 4h, with price capped at 4615.21820–4620.35426 while the daily structure stays range-bound.
- 15m RSI at 49 gives sellers room to push further, provided the zone holds.
- Volume confirms participation at 0.94x, with 2.84K traded versus 3.01K expected—this isn't a thin move.
My call. Your execution..
Trade here 👇 and Which entry is cleaner here: scaling into the zone, or waiting for the breakdown to confirm?
XAU finally reached the zone I mapped out for this trade. I'm in the trade, and the level only works if sellers defend it.
Trade Plan:
- Entry: 4615.21820 – 4620.35426
- TP1: 4599.29638 (R:R 1:0.8)
- TP2: 4586.96982 (R:R 1:1.2)
- TP3: 4568.47997 (R:R 1:2.0)
- SL: 4642.43936
Why this setup?
- The short thesis holds on 4h, with price capped at 4615.21820–4620.35426 while the daily structure stays range-bound.
- 15m RSI at 49 gives sellers room to push further, provided the zone holds.
- Volume confirms participation at 0.94x, with 2.84K traded versus 3.01K expected—this isn't a thin move.
My call. Your execution..
Trade here 👇 and Which entry is cleaner here: scaling into the zone, or waiting for the breakdown to confirm?