XAU short setup: the levels I'm watching

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

Entry: 4109.54 – 4112.34
TP1: 4087.52 (-0.6%)
TP2: 4071.90 (-0.9%)
TP3: 4048.48 (-1.5%)
SL: 4142.17 (+0.8%)
Plan: enter only inside the zone, take half at TP1, then move the stop to entry.
Note: moderate conviction only, keep size light.

Why SHORT? Leaning call, 4/12 signals agree, 1 against, 7 undecided.
• Daily trend: price < EMA50 < EMA200, bearish stack → the big-picture trend is down
• 4h trend: price < EMA50 < EMA200, bearish stack → the swing trend is down
• 1h trend: price < EMA50 < EMA200, bearish stack → the short-term trend is down
Risk: Relative strength vs BTC: outperforming, +1.28% vs BTC over the last day → stronger than BTC

Why now?
The daily trend reads bearish, and 4/12 signals aligned favour the short side. The plan is to work the 4109.54 – 4112.34 zone, scale out at 4087.52 and 4071.90, and stay patient for 4048.48. A move through 4142.17 means the idea is wrong and the stop does its job.

Does XAU tag 4087.52 first, or the stop?

Full setup 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.