Here is a clean, straightforward breakdown of your short setup for XAU/USDT:
Trade Setup: Short $XAU
Bias: Short (Fading the bounce)
Entry Zone: $4,349.75 – $4,353.31
Stop Loss (SL): $4,379.20 (Invalidation level sits right above at $4,370.91)
Take Profit Targets:
TP1: $4,330.78
TP2: $4,316.94
TP3: $4,296.19
Quick Summary
Why it's bearish: Both the daily and 4-hour charts show a clean downtrend with prices sitting below major moving averages (EMA50 and EMA200). Momentum indicators like the 1-hour RSI and ADX confirm that sellers are in control.
The Plan: You are looking to short any small bounce into the entry zone. As long as price stays below your invalidation markers, you let the momentum carry it down toward your targets.
Trade Setup: Short $XAU
Bias: Short (Fading the bounce)
Entry Zone: $4,349.75 – $4,353.31
Stop Loss (SL): $4,379.20 (Invalidation level sits right above at $4,370.91)
Take Profit Targets:
TP1: $4,330.78
TP2: $4,316.94
TP3: $4,296.19
Quick Summary
Why it's bearish: Both the daily and 4-hour charts show a clean downtrend with prices sitting below major moving averages (EMA50 and EMA200). Momentum indicators like the 1-hour RSI and ADX confirm that sellers are in control.
The Plan: You are looking to short any small bounce into the entry zone. As long as price stays below your invalidation markers, you let the momentum carry it down toward your targets.
