Why does XAU keep sliding when everyone expects a bounce?

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

Entry: 4151.90 – 4155.38
TP1: 4127.79 (-0.6%)
TP2: 4110.56 (-1.0%)
TP3: 4084.71 (-1.7%)
SL: 4188.10 (+0.8%)
Plan: enter only inside the zone, take half at TP1, then move the stop to entry.

Why SHORT? Strong call, 6/12 signals agree, 1 against, 5 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: RSI extreme in a range: RSI z-score −2.60 in a range, bounce setup → bottom of a range, buyers often step in

Quick XAU read:
1/3 The daily trend is bearish, with price below both EMA50 and EMA200.
2/3 The 4h trend is bearish, confirming the swing move is down.
3/3 The 1h RSI is below 45, so sellers still hold the momentum.

Where do you take profit on this XAU short if the daily trend keeps pushing down?

Full setup on the chart 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.