Price is far below its average, so a bounce is likely.

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

Entry: 3893.17 – 3893.63
TP1: 3887.38 (-0.2%)
TP2: 3883.37 (-0.3%)
TP3: 3877.36 (-0.4%)
SL: 3901.42 (+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? 4/12 signals agree, 1 against.
• Daily trend down (below EMA50 & EMA200)
• 4h trend down (below EMA50 & EMA200)
• 1h trend down (below EMA50 & EMA200)
Risk: Price is washed out, bounces are common from here (4h RSI 23.8, oversold)

Journal note: XAU
I'm watching a short setup on XAU because the daily, 4h, and 1h trends are all bearish. I want to see price respect the 1h EMA50 before I consider a new move lower. The 1h RSI shows bearish momentum, but the 4h RSI is deeply oversold and a bounce is common.

What is your invalidation level if you are also looking for a short?

Chart with every level below.

📲 Want more of my latest signals? Join me here:
https://app.binance.com/uni-qr/D26WbL9t

⚠️ 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.