Trading Plan Short $XAUT
$XAUT just broke below 3974 support after a clear distribution phase.
Entry: $3980-$4005
Stoploss: $4030
Targets: $3930 / $3850 / $3720
XAU lost the 3974 range low after a weak bounce, now retesting it as resistance. Smart money likely distributed into the retail long bias shown by the 4.47 L/S ratio. Funding rate is rising, indicating longs are trapped and paying premiums. OI spiked 14% on the dump, confirming fresh short positioning. Reclaim $4026, short thesis invalid.
Trade $XAU here👇
$XAUT just broke below 3974 support after a clear distribution phase.
Entry: $3980-$4005
Stoploss: $4030
Targets: $3930 / $3850 / $3720
XAU lost the 3974 range low after a weak bounce, now retesting it as resistance. Smart money likely distributed into the retail long bias shown by the 4.47 L/S ratio. Funding rate is rising, indicating longs are trapped and paying premiums. OI spiked 14% on the dump, confirming fresh short positioning. Reclaim $4026, short thesis invalid.
Trade $XAU here👇