XAU short setup: the levels I'm watching

🔴 SHORT $XAU /USDT: expecting price to go DOWN
Bias: SHORT · Leaning

Entry: 3940.25 – 3942.17
TP1: 3917.70 (-0.6%)
TP2: 3902.03 (-1.0%)
TP3: 3878.52 (-1.6%)
SL: 3972.56 (+0.8%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Note: moderate conviction only, keep size light.

Why SHORT? 3/12 signals agree, 0 against.
• Daily trend down (below EMA50 & EMA200)
• 4h trend down (below EMA50 & EMA200)
• Weaker than BTC (−1.74% 24h vs BTC)

Why I like it:
The daily trend reads bearish, and 3/12 signals aligned favour the short side. The plan is to work the 3940.25 – 3942.17 zone, scale out at 3917.70 and 3902.03, and stay patient for 3878.52. A move through 3972.56 means the idea is wrong and the stop does its job.

Does XAU tag 3917.70 first, or the stop?

Levels mapped on the chart below.

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Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.