🔴 $XAU – SHORTS ARE PREFERRED, BUT DON’T GET COMPLACENT!
Gold remains below the EMA50 and EMA200 on the daily chart, indicating that the main trend still leans bearish. 📉
🎯 SHORT zone: 4054.85 – 4057.35
• TP1: 4037.33
• TP2: 4024.82
• TP3: 4006.05
⛔ SL: 4081.12
⚠️ However, the 4H RSI is at 64.6, showing that buyers still have momentum. The SHORT signal isn’t particularly strong yet, so consider reducing your position size and waiting for confirmation.
💡 Plan: Take profit on 50% at TP1, 25% at TP2, and the remainder at TP3. After TP1, consider moving the SL to your entry point.
The market may fall, but that doesn’t mean prices will move as expected. Prioritize risk management, don’t FOMO, and never stubbornly stick to a view when it’s wrong.
Gold remains below the EMA50 and EMA200 on the daily chart, indicating that the main trend still leans bearish. 📉
🎯 SHORT zone: 4054.85 – 4057.35
• TP1: 4037.33
• TP2: 4024.82
• TP3: 4006.05
⛔ SL: 4081.12
⚠️ However, the 4H RSI is at 64.6, showing that buyers still have momentum. The SHORT signal isn’t particularly strong yet, so consider reducing your position size and waiting for confirmation.
💡 Plan: Take profit on 50% at TP1, 25% at TP2, and the remainder at TP3. After TP1, consider moving the SL to your entry point.
The market may fall, but that doesn’t mean prices will move as expected. Prioritize risk management, don’t FOMO, and never stubbornly stick to a view when it’s wrong.
