Gold recently showed an RSI of 23.6 on the 15-minute chart - here's how to catch short trades on $XAU /USDT.
$XAU - short
Trading plan:
Entry: 4648.73 – 4652.09
Stop loss: 4666.55
Take profit target 1: 4638.31
Take profit target 2: 4630.24
Take profit target 3: 4618.14
Why these settings?
RSI is in an oversold condition on the short time frame, but the trend on the 4-hour chart confidently leans short at 95%. The ranging daily trend suggests momentum is fading, not reversing. Entry at 4650.41 targets TP1 at 4638.31 with a tight stop loss at 4666.55 - this is a window for quick traders, not a trend play.
Discussion:
Will you ignore the oversold bounce or ride the collapse to TP2?#BitcoinRatioAbove200DMA #TrumpVisitsChina #特朗普访华 #USPPISurge #BitGoQ1RevenueUp112Percent
$XAU - short
Trading plan:
Entry: 4648.73 – 4652.09
Stop loss: 4666.55
Take profit target 1: 4638.31
Take profit target 2: 4630.24
Take profit target 3: 4618.14
Why these settings?
RSI is in an oversold condition on the short time frame, but the trend on the 4-hour chart confidently leans short at 95%. The ranging daily trend suggests momentum is fading, not reversing. Entry at 4650.41 targets TP1 at 4638.31 with a tight stop loss at 4666.55 - this is a window for quick traders, not a trend play.
Discussion:
Will you ignore the oversold bounce or ride the collapse to TP2?#BitcoinRatioAbove200DMA #TrumpVisitsChina #特朗普访华 #USPPISurge #BitGoQ1RevenueUp112Percent