As the move develops, I choose to trade the setup, not my emotions. The rebound in $XAU over the past two days looks lively, but both the daily and four-hour charts are still capped below EMA50 and EMA200. The trend hasn’t turned, so this rally looks more like an opportunity for bears to find an entry. The 15m ADX is 30.7, and sellers are still in control. What we need to watch is whether price gets pushed back down from the resistance zone above. If it can’t break through, the rebound may continue;
if it gets rejected, there’ll finally be room for price to move lower. So I’m bearish on this structure. Keep your position size small, and don’t fight the trend. How long do you think this rebound can last?
🔴 Trade direction: Short
📍 Entry range: 4176.31 – 4178.71
🛑 Stop loss: 4196.58
🎯 Take profit 1: 4163.20
🎯 Take profit 2: 4153.67
🎯 Take profit 3: 4139.36
There’s no need to chase the trend; it will come to you.
Stand alongside Sister Li, and make every moment count.
#XAU
Click below to trade 👇
if it gets rejected, there’ll finally be room for price to move lower. So I’m bearish on this structure. Keep your position size small, and don’t fight the trend. How long do you think this rebound can last?
🔴 Trade direction: Short
📍 Entry range: 4176.31 – 4178.71
🛑 Stop loss: 4196.58
🎯 Take profit 1: 4163.20
🎯 Take profit 2: 4153.67
🎯 Take profit 3: 4139.36
There’s no need to chase the trend; it will come to you.
Stand alongside Sister Li, and make every moment count.
#XAU
Click below to trade 👇