Gold does not always follow the daily trend.

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

Entry: 3889.75 – 3890.21
TP1: 3884.14 (-0.2%)
TP2: 3880.25 (-0.3%)
TP3: 3874.41 (-0.4%)
SL: 3897.76 (+0.2%)
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? XAU checklist: 5/12 agree, 1 against.
• Daily trend down (below EMA50 & EMA200)
• 4h trend down (below EMA50 & EMA200)
• 1h trend down (below EMA50 & EMA200)
Watch: Price is washed out, bounces are common from here (4h RSI 20.8, oversold)
Watch: The idea is wrong if price reaches the stop at 3897.76

Bottom line: The daily bearish stack supports the short, but the 1h price is 7.5 ATR below its EMA, a bounce is likely, so conviction is moderate.

Where do you set your stop on this short?

Chart with every level below.

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⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.