🔴 $XAU | SHORT — Downtrend, watch the 4153.67–4157.01 zone 📉
XAU is maintaining a bearish structure on the Daily and 4H charts, but the 1H RSI still leans toward buyers. So I prefer to wait for price to retrace to the Entry zone rather than chase a SHORT.
📍 SHORT plan
* Entry: 4153.67 – 4157.01
* 🎯 TP1: 4128.66 (-0.6%) → close 50%
* 🎯 TP2: 4110.87 (-1.1%)
* 🎯 TP3: 4084.19 (-1.7%)
* 🛑 SL: 4190.92 (+0.9%)
After TP1, move SL to Entry.
📉 Key points to note
* Daily: Price < EMA50 < EMA200 → the overall trend is bearish.
* 4H: Price < EMA50 < EMA200 → the swing structure remains bearish.
* 15M RSI z-score: -1.09, latest candle -0.13% → short-term selling pressure is emerging.
* ⚠️ 1H RSI: 55.9 → momentum currently still leans toward buyers, which is worth noting when SHORTing.
The 4153.67–4157.01 zone is where I’m waiting for a SHORT opportunity. If price moves above 4190.92, this setup is no longer valid.
NFA · DYOR. This content is for educational purposes only and is not investment advice.
Tap below to trade with SHIN 👇
XAU is maintaining a bearish structure on the Daily and 4H charts, but the 1H RSI still leans toward buyers. So I prefer to wait for price to retrace to the Entry zone rather than chase a SHORT.
📍 SHORT plan
* Entry: 4153.67 – 4157.01
* 🎯 TP1: 4128.66 (-0.6%) → close 50%
* 🎯 TP2: 4110.87 (-1.1%)
* 🎯 TP3: 4084.19 (-1.7%)
* 🛑 SL: 4190.92 (+0.9%)
After TP1, move SL to Entry.
📉 Key points to note
* Daily: Price < EMA50 < EMA200 → the overall trend is bearish.
* 4H: Price < EMA50 < EMA200 → the swing structure remains bearish.
* 15M RSI z-score: -1.09, latest candle -0.13% → short-term selling pressure is emerging.
* ⚠️ 1H RSI: 55.9 → momentum currently still leans toward buyers, which is worth noting when SHORTing.
The 4153.67–4157.01 zone is where I’m waiting for a SHORT opportunity. If price moves above 4190.92, this setup is no longer valid.
NFA · DYOR. This content is for educational purposes only and is not investment advice.
Tap below to trade with SHIN 👇
