Gold bears just got a 77% green light—are you still long $XAU /USDT?
$XAU - SHORT
Trade Plan:
Entry: 4688.034821 – 4693.821195
SL: 4718.702606
TP1: 4670.097060
TP2: 4656.209761
TP3: 4635.378813
Why this setup?
• 4h bias flips SHORT with 77% confidence, rejecting the 4690 resistance zone.
• RSI on 15m sits at 40.27, momentum weakening below neutral.
• TP1 targets 4670, a 0.5% drop from entry—tight risk with ATR at 20.3 on 1h.
• Why now? The range trend on 1D is breaking down intraday, and the armed status suggests immediate pressure.
Debate:
Are we hitting TP2 at 4656 or does this fakeout trap bulls first?
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