This isn’t confirmation—it’s accumulation speaking. $XAU The daily chart remains below the moving averages, while the 4-hour and 1-hour charts are weakening in sync. The bearish alignment remains intact. Price has rebounded to near the top of the range, but volume hasn’t followed through. This looks more like a pause in the downtrend than a reversal.
I focus on structure, not sentiment—the real room to move opens up only if the key support below gives way. The closer the rebound gets to resistance, the clearer the risk-reward becomes. This is a good spot to try a small short position. Place your stop beyond the structural high, and don’t hold on if it goes against you.
🔴 Trade direction: Short
📍 Entry range: 4136.73 – 4140.05
🛑 Stop loss: 4181.52
🎯 Take profit 1: 4106.04
🎯 Take profit 2: 4084.48
🎯 Take profit 3: 4052.14
Survey the vastness of mountains and seas; observe the market’s subtleties.
Trade alongside Uncle Xiong, and witness gains and losses across the world.
#XAU
Click below to trade 👇
I focus on structure, not sentiment—the real room to move opens up only if the key support below gives way. The closer the rebound gets to resistance, the clearer the risk-reward becomes. This is a good spot to try a small short position. Place your stop beyond the structural high, and don’t hold on if it goes against you.
🔴 Trade direction: Short
📍 Entry range: 4136.73 – 4140.05
🛑 Stop loss: 4181.52
🎯 Take profit 1: 4106.04
🎯 Take profit 2: 4084.48
🎯 Take profit 3: 4052.14
Survey the vastness of mountains and seas; observe the market’s subtleties.
Trade alongside Uncle Xiong, and witness gains and losses across the world.
#XAU
Click below to trade 👇