$XAU : Short Setup
Gold is in a clear 1H downtrend and now sits near the 24h low with RSI oversold around 27. I'm not chasing the lows. I'm waiting for a bounce into resistance to short the weakness.
Entry: 4,048 – 4,062 (on rejection)
Stop-loss: 4,082
- TP1: 4,025
- TP2: 4,005
- TP3: 3,980
Reason: Price is below the 1H MA9 (about 4,049), the 4,050–4,085 zone is where the last sell-off candles started, and sellers still control the order book.
📰 Macro note: Gold stays under pressure while markets price a high chance of a Fed rate hike in December.
A 1H close above 4,085 invalidates this idea and I will step aside.
Personal view, not financial advice. DYOR.
Follow for more clean, simple trade setups.
#XAU #GOLD #HotCPIDecemberHikePriced #BinanceSquare #TradingSignals
Gold is in a clear 1H downtrend and now sits near the 24h low with RSI oversold around 27. I'm not chasing the lows. I'm waiting for a bounce into resistance to short the weakness.
Entry: 4,048 – 4,062 (on rejection)
Stop-loss: 4,082
- TP1: 4,025
- TP2: 4,005
- TP3: 3,980
Reason: Price is below the 1H MA9 (about 4,049), the 4,050–4,085 zone is where the last sell-off candles started, and sellers still control the order book.
📰 Macro note: Gold stays under pressure while markets price a high chance of a Fed rate hike in December.
A 1H close above 4,085 invalidates this idea and I will step aside.
Personal view, not financial advice. DYOR.
Follow for more clean, simple trade setups.
#XAU #GOLD #HotCPIDecemberHikePriced #BinanceSquare #TradingSignals
