$XAUUSD is in BEARISH mode.
Gold fell 3 days in a row, broke $4,000 and hit a 13-month low at $3,850. Price is still trading BELOW all major moving averages. Until price reclaims $4,002, every pump is a SELL opportunity.
*MY SETUP: SELL*
*Entry Zone:* $3,950 - $4,000
*Stop Loss:* $4,035 (H4 Close Above = Invalid)
*Target 1:* $3,910
*Target 2:* $3,867
*Target 3:* $3,820
*Target 4:* $3,800
*Why Sell?*
1. Broke $3,900 support with strong bearish candle
2. RSI at 37 - Still weak, no reversal yet
3. Fed rate hike odds rising - Dollar strong = Gold weak
4. Goldman cut Gold target to $4,150 from $4,650
*Invalidation:* If Gold closes H4 above $4,082, this bearish idea is cancelled.
Don't chase the dip. Wait for price to come to my entry zone, then sell.
#Gold #XAUUSD #BTC #Crypto #Trading
Bearish
*Entry:* 3955
*SL:* 4035 (80$ risk)
*TP1:* 3910 (45$)
*TP2:* 3867 (88$)
*TP3:* 3820 (135$)
*Risk Reward:* 1 : 1.7 on TP2
Gold fell 3 days in a row, broke $4,000 and hit a 13-month low at $3,850. Price is still trading BELOW all major moving averages. Until price reclaims $4,002, every pump is a SELL opportunity.
*MY SETUP: SELL*
*Entry Zone:* $3,950 - $4,000
*Stop Loss:* $4,035 (H4 Close Above = Invalid)
*Target 1:* $3,910
*Target 2:* $3,867
*Target 3:* $3,820
*Target 4:* $3,800
*Why Sell?*
1. Broke $3,900 support with strong bearish candle
2. RSI at 37 - Still weak, no reversal yet
3. Fed rate hike odds rising - Dollar strong = Gold weak
4. Goldman cut Gold target to $4,150 from $4,650
*Invalidation:* If Gold closes H4 above $4,082, this bearish idea is cancelled.
Don't chase the dip. Wait for price to come to my entry zone, then sell.
#Gold #XAUUSD #BTC #Crypto #Trading
Bearish
*Entry:* 3955
*SL:* 4035 (80$ risk)
*TP1:* 3910 (45$)
*TP2:* 3867 (88$)
*TP3:* 3820 (135$)
*Risk Reward:* 1 : 1.7 on TP2
