Has XAU finished stacking bearish candles for a clean short?
🔴 SHORT $XAU /USDT: expecting price to go DOWN
Bias: SHORT · Strong
Entry: 4004.18 – 4007.06
TP1: 3990.10 (-0.4%)
TP2: 3979.76 (-0.6%)
TP3: 3964.24 (-1.0%)
SL: 4026.31 (+0.5%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Why SHORT? XAU checklist: 6/12 agree, 2 against.
• Daily trend down (below EMA50 & EMA200)
• 4h trend down (below EMA50 & EMA200)
• 1h trend down (below EMA50 & EMA200)
Watch: Buyers have the momentum (1h RSI 63.6)
Watch: The idea is wrong if price reaches the stop at 4026.31
Verdict: The daily, 4h and 1h trends all show price below EMA50 below EMA200, meaning every major timeframe is pointing down, but the 1h RSI at 63.6 says buyers currently hold the momentum, which could pause the drop.
Where do you set your invalidation level for this short?
🔴 SHORT $XAU /USDT: expecting price to go DOWN
Bias: SHORT · Strong
Entry: 4004.18 – 4007.06
TP1: 3990.10 (-0.4%)
TP2: 3979.76 (-0.6%)
TP3: 3964.24 (-1.0%)
SL: 4026.31 (+0.5%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Why SHORT? XAU checklist: 6/12 agree, 2 against.
• Daily trend down (below EMA50 & EMA200)
• 4h trend down (below EMA50 & EMA200)
• 1h trend down (below EMA50 & EMA200)
Watch: Buyers have the momentum (1h RSI 63.6)
Watch: The idea is wrong if price reaches the stop at 4026.31
Verdict: The daily, 4h and 1h trends all show price below EMA50 below EMA200, meaning every major timeframe is pointing down, but the 1h RSI at 63.6 says buyers currently hold the momentum, which could pause the drop.
Where do you set your invalidation level for this short?
