$XAU The opportunity and conflicting signals are both right in front of us. I’m more inclined to view this BTC rebound as a chance to go short. The moving averages on both the daily and four-hour charts are bearishly aligned, with the price below them, so the broader trend hasn’t changed. Sellers have the upper hand in the short term, and the direction of the ADX and DI also supports further downside.
The only thing giving me pause is that the four-hour RSI is still above 55, suggesting buyers have some strength left. So don’t rush in—wait for a rebound to the resistance zone before considering a trade. Just keep an eye on the key levels.
🔴 Trade direction: Short
📍 Entry range: 4152.70 – 4156.12
🛑 Stop loss: 4203.62
🎯 Take profit 1: 4117.50
🎯 Take profit 2: 4092.90
🎯 Take profit 3: 4055.98
Still waters run deep; foresight lies within. Whatever the market’s tides bring, stay composed.
Join Sister Fei and navigate the waves of wealth.
#XAU
Click below to trade 👇
The only thing giving me pause is that the four-hour RSI is still above 55, suggesting buyers have some strength left. So don’t rush in—wait for a rebound to the resistance zone before considering a trade. Just keep an eye on the key levels.
🔴 Trade direction: Short
📍 Entry range: 4152.70 – 4156.12
🛑 Stop loss: 4203.62
🎯 Take profit 1: 4117.50
🎯 Take profit 2: 4092.90
🎯 Take profit 3: 4055.98
Still waters run deep; foresight lies within. Whatever the market’s tides bring, stay composed.
Join Sister Fei and navigate the waves of wealth.
#XAU
Click below to trade 👇