Before triggering, you always have to pass the verification stage first. $XAU —what I feel about the current chart is that the 4-hour trend has already clearly turned bearish, but the daily-level price range is still holding up. With this structure, I tend to look for shorting opportunities in the direction of the smaller cycle.
Don’t let the 15-minute oversold indicator fool you. In a downtrend, oversold is not a reason to enter a long position at all—it may instead be a signal that the bears are building momentum.
What I’m watching for is whether, after the price retraces up to the resistance zone, there’s a stall (lack of follow-through) and a heavy sell-off with increased volume. As long as this validation plays out, the risk-reward for a short trade becomes favorable.
🔴 Trading direction: Short
📍 Entry range: 4455.32 – 4464.33
🛑 Stop loss: 4560.49
🎯 Take profit 1: 4384.34
🎯 Take profit 2: 4334.01
🎯 Take profit 3: 4258.51
Deep waters run deep with foresight; the market ebbs and flows with calm composure.
Go along with “Fi Jie,” and together we read the surging tide of wealth.
#XAU
Click below to trade 👇
Don’t let the 15-minute oversold indicator fool you. In a downtrend, oversold is not a reason to enter a long position at all—it may instead be a signal that the bears are building momentum.
What I’m watching for is whether, after the price retraces up to the resistance zone, there’s a stall (lack of follow-through) and a heavy sell-off with increased volume. As long as this validation plays out, the risk-reward for a short trade becomes favorable.
🔴 Trading direction: Short
📍 Entry range: 4455.32 – 4464.33
🛑 Stop loss: 4560.49
🎯 Take profit 1: 4384.34
🎯 Take profit 2: 4334.01
🎯 Take profit 3: 4258.51
Deep waters run deep with foresight; the market ebbs and flows with calm composure.
Go along with “Fi Jie,” and together we read the surging tide of wealth.
#XAU
Click below to trade 👇