🟡 Gold $XAUT Has the upward wave ended or are we facing a "warrior's rest"? 🟡
After the strong rise seen in XAUT/USDT and its reaching levels of 4,844, we now notice the price entering a very normal horizontal correction phase. Here’s the "sniper's" view of the market currently:
🔍 Technical view (4h and 8h frame):
Golden support: the price is approaching a very strong pivot area between 4,750 - 4,760. This area coincides with the moving averages MA(99) and MA(25), making it a "high-quality demand zone."
Indicators: The RSI indicator is currently in a neutral area (below 60), indicating a cooling of the indicators in preparation for the upcoming explosion.
General trend: It is still strongly bullish on the daily frame, and what we see now is merely a retest of the previously broken supports.
🎯 Trading plan (Trading Setup):
Entry (Buy): The best entry areas are 4,760 or upon breaking levels of 4,795 and holding above them.
Targets (Take Profit): * First target: 4,810
Second target: 4,840
Stop loss: Closing a 4-hour candle below 4,730.
💡 Educational tip for followers:
In digital gold trading (RWA), patience is the key to profit. Do not chase green candles at peaks, but wait for the price at "role reversal" areas where previous resistance becomes strong support protecting your trade.
$XAUT
Share your opinion in the comments: Do you expect a break of the previous peak soon? 👇
After the strong rise seen in XAUT/USDT and its reaching levels of 4,844, we now notice the price entering a very normal horizontal correction phase. Here’s the "sniper's" view of the market currently:
🔍 Technical view (4h and 8h frame):
Golden support: the price is approaching a very strong pivot area between 4,750 - 4,760. This area coincides with the moving averages MA(99) and MA(25), making it a "high-quality demand zone."
Indicators: The RSI indicator is currently in a neutral area (below 60), indicating a cooling of the indicators in preparation for the upcoming explosion.
General trend: It is still strongly bullish on the daily frame, and what we see now is merely a retest of the previously broken supports.
🎯 Trading plan (Trading Setup):
Entry (Buy): The best entry areas are 4,760 or upon breaking levels of 4,795 and holding above them.
Targets (Take Profit): * First target: 4,810
Second target: 4,840
Stop loss: Closing a 4-hour candle below 4,730.
💡 Educational tip for followers:
In digital gold trading (RWA), patience is the key to profit. Do not chase green candles at peaks, but wait for the price at "role reversal" areas where previous resistance becomes strong support protecting your trade.
$XAUT
Share your opinion in the comments: Do you expect a break of the previous peak soon? 👇