In the incremental window, disagreements are also widening, and $XAU 's current chart is definitely worth a closer look. The moving averages across the three periods are all in a bearish alignment; price is trading below the EMA50, and the EMA50 is also below the EMA200. The bigger picture is indeed weak. However, the 1h RSI is still above 55, so the short-term momentum hasn't completely died out. Therefore, let's not load up too heavily—moderate confidence is fine.
If we see a rebound into the upper range, I tend to view it as a chance to sell into (a top-up). Keep the stop-loss above the prior high, and take profit in three steps as price moves down. Everyone, watch the key levels closely—only when the bears break through does the move become truly smooth.
🔴 Trading direction: Short
📍 Entry range: 4290.82 – 4293.65
🛑 Stop loss: 4327.39
🎯 Take profit 1: 4265.88
🎯 Take profit 2: 4248.30
🎯 Take profit 3: 4221.93
Still water runs deep with foresight; the market rises and falls calmly.
Partner up with Fei Jie and read the pulse of wealth as tides surge.
#XAU
Click below to trade 👇
If we see a rebound into the upper range, I tend to view it as a chance to sell into (a top-up). Keep the stop-loss above the prior high, and take profit in three steps as price moves down. Everyone, watch the key levels closely—only when the bears break through does the move become truly smooth.
🔴 Trading direction: Short
📍 Entry range: 4290.82 – 4293.65
🛑 Stop loss: 4327.39
🎯 Take profit 1: 4265.88
🎯 Take profit 2: 4248.30
🎯 Take profit 3: 4221.93
Still water runs deep with foresight; the market rises and falls calmly.
Partner up with Fei Jie and read the pulse of wealth as tides surge.
#XAU
Click below to trade 👇