XAUT is currently sitting on a critical level at 4149.88, where a sweep of the recent order block could be the catalyst for a sharp move down. The hourly time frame is looking bearish, with the RSI at 54 and volume at 0.4x, indicating a lack of conviction from the bulls.
From a technical standpoint, we're seeing a clear OB+FVG Sandwich zone, which is a high probability area for a reversal. The SMC Score is at 5.5/10, indicating a relatively neutral sentiment, but the bearish HTF is taking precedence.
Here are the trade levels:
Entry: 4177.18
TP1: 4148.01 (RR 1.7x)
TP2: 4104.26 (RR 4.3x)
SL: 4194.10
Given the tight stop and clear targets, this short position on $XAUTUSDT has a high potential for success. I've taken a short position at 4177.2, watching the order block closely.
Followers, keep a close eye on this trade and consider scaling in, XAUT short is looking promising.
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