Gold appears to be in a downtrend, but the short-term trend is still unclear.
🔴 SHORT $XAU /USDT: price is expected to FALL
Trend: SHORT · Lean
Entry: 4161.91 – 4164.31
TP1: 4140.79 (-0.5%)
TP2: 4125.92 (-0.9%)
TP3: 4103.60 (-1.4%)
SL: 4192.87 (+0.7%)
Plan: enter only within this zone, take half off at TP1, then move the stop loss to your entry point.
Note: confidence is only moderate, so keep your position size small.
Why SHORT? 4/12 signals agree, with 0 opposing signals.
• Daily trend is bearish (price below EMA50 and EMA200)
• 4-hour trend is bearish (price below EMA50 and EMA200)
• Sellers are driving momentum (15-minute ADX is 20.3)
Why now?
The daily trend is bearish, with price below a cluster of moving averages. The 4-hour trend is also pointing down, but the 1-hour trend is in the opposite direction, and the 1-hour RSI is neutral at 51.0, so momentum isn't really supporting you yet.
If you short here, where would you place your invalidation level?
🔴 SHORT $XAU /USDT: price is expected to FALL
Trend: SHORT · Lean
Entry: 4161.91 – 4164.31
TP1: 4140.79 (-0.5%)
TP2: 4125.92 (-0.9%)
TP3: 4103.60 (-1.4%)
SL: 4192.87 (+0.7%)
Plan: enter only within this zone, take half off at TP1, then move the stop loss to your entry point.
Note: confidence is only moderate, so keep your position size small.
Why SHORT? 4/12 signals agree, with 0 opposing signals.
• Daily trend is bearish (price below EMA50 and EMA200)
• 4-hour trend is bearish (price below EMA50 and EMA200)
• Sellers are driving momentum (15-minute ADX is 20.3)
Why now?
The daily trend is bearish, with price below a cluster of moving averages. The 4-hour trend is also pointing down, but the 1-hour trend is in the opposite direction, and the 1-hour RSI is neutral at 51.0, so momentum isn't really supporting you yet.
If you short here, where would you place your invalidation level?