Opportunities to make easy money are rare, but $XAU is worth keeping an eye on at this level. The logic is simple to verify—the daily chart is being held down by the moving averages, and the trend direction hasn’t changed. Take a look at the four-hour chart: each rebound high is lower than the last, and volume hasn’t picked up either. With this kind of structure, I’d favor trading in the direction of the broader trend. Price has returned near the lower edge of the previous range. If it can’t break above and hold there on increased volume, it’s basically handing the bears a good entry.
You can scale in at a few levels below, but don’t get greedy. The biggest risk in trading is chasing shorts too aggressively near the bottom of a range. Keep your position size under control, and you won’t panic if the price rebounds.
🔴 Trade direction: Short
📍 Entry range: 4051.23 – 4053.75
🛑 Stop loss: 4082.43
🎯 Take profit 1: 4030.03
🎯 Take profit 2: 4015.06
🎯 Take profit 3: 3992.60
Don’t chase the prevailing winds; they’ll find their way to you.
Stand shoulder to shoulder with Sister Li, and let every moment leave an echo.
#XAU
Click below to trade 👇
You can scale in at a few levels below, but don’t get greedy. The biggest risk in trading is chasing shorts too aggressively near the bottom of a range. Keep your position size under control, and you won’t panic if the price rebounds.
🔴 Trade direction: Short
📍 Entry range: 4051.23 – 4053.75
🛑 Stop loss: 4082.43
🎯 Take profit 1: 4030.03
🎯 Take profit 2: 4015.06
🎯 Take profit 3: 3992.60
Don’t chase the prevailing winds; they’ll find their way to you.
Stand shoulder to shoulder with Sister Li, and let every moment leave an echo.
#XAU
Click below to trade 👇