$XAU - SHORT conviction building
POV: you scroll past $XAU because the candles look calm right now.
I nearly dismissed that calm tape, but 53.4% of market orders on the 30-minute chart are sells, so sellers are the ones hitting the bid. The honest snag is RSI at 60 on the 1-hour against 32 on the 4-hour, which tells me momentum is split.
Is anyone tracking 4002.91 rather than the wider zone?
TRADE PLAN
Entry zone: 4002.91 - 4003.87 (ref 4003.534)
TP1: 3998 (+0.14%)
TP2: 3994 (+0.24%)
TP3: 3989 (+0.36%)
Stop loss: 4008.59 (-0.13%)
⚠️ Personal market insight, not investment advice. DYOR.
POV: you scroll past $XAU because the candles look calm right now.
I nearly dismissed that calm tape, but 53.4% of market orders on the 30-minute chart are sells, so sellers are the ones hitting the bid. The honest snag is RSI at 60 on the 1-hour against 32 on the 4-hour, which tells me momentum is split.
Is anyone tracking 4002.91 rather than the wider zone?
TRADE PLAN
Entry zone: 4002.91 - 4003.87 (ref 4003.534)
TP1: 3998 (+0.14%)
TP2: 3994 (+0.24%)
TP3: 3989 (+0.36%)
Stop loss: 4008.59 (-0.13%)
⚠️ Personal market insight, not investment advice. DYOR.