🔴 $XAU | SHORT — Downtrend across all 3 timeframes
XAU is maintaining a confirmed bearish structure on the Daily, 4H, and 1H timeframes. Price is currently around 4116.16, right in the zone I’m watching for a SHORT.
📍 SHORT plan
* 🎯 Entry: 4113.95 – 4118.37
* 🎯 TP1: 4078.39 (-0.9%) → close 50%
* 🎯 TP2: 4053.21 (-1.5%)
* 🎯 TP3: 4015.43 (-2.4%)
* 🛑 SL: 4166.52 (+1.2%)
After TP1, move the SL to Entry.
📉 Key points to note
* Daily: Price < EMA50 < EMA200 → the overall trend is bearish.
* 4H: Price < EMA50 < EMA200 → the bearish structure remains intact.
* 1H: Price < EMA50 < EMA200 → the short-term trend remains bearish.
* 15M: RSI z-score +1.60, latest candle +0.09% → buyers are applying short-term pressure, so a pullback may occur before the decline continues.
The 4113.95–4118.37 zone is where I’m watching for a reaction from sellers. Don’t FOMO into a SHORT if price has already fallen below the Entry.
NFA · DYOR. For educational purposes only; not investment advice or a recommendation.
Tap below to trade with SHIN👇
XAU is maintaining a confirmed bearish structure on the Daily, 4H, and 1H timeframes. Price is currently around 4116.16, right in the zone I’m watching for a SHORT.
📍 SHORT plan
* 🎯 Entry: 4113.95 – 4118.37
* 🎯 TP1: 4078.39 (-0.9%) → close 50%
* 🎯 TP2: 4053.21 (-1.5%)
* 🎯 TP3: 4015.43 (-2.4%)
* 🛑 SL: 4166.52 (+1.2%)
After TP1, move the SL to Entry.
📉 Key points to note
* Daily: Price < EMA50 < EMA200 → the overall trend is bearish.
* 4H: Price < EMA50 < EMA200 → the bearish structure remains intact.
* 1H: Price < EMA50 < EMA200 → the short-term trend remains bearish.
* 15M: RSI z-score +1.60, latest candle +0.09% → buyers are applying short-term pressure, so a pullback may occur before the decline continues.
The 4113.95–4118.37 zone is where I’m watching for a reaction from sellers. Don’t FOMO into a SHORT if price has already fallen below the Entry.
NFA · DYOR. For educational purposes only; not investment advice or a recommendation.
Tap below to trade with SHIN👇