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Is this the final carnival for gold bulls? $XAUT /USDT 4-hour short signals are already flashing
$XAUT /USDT - SHORT sell
Trade plan:
Entry: 3988.2 – 3996.0
SL: 4029.7
TP1: 3963.9
TP2: 3945.1
TP3: 3916.9
Why pay attention to this structure?
- The 1D trend is clearly bearish; RSI on 15m is only 41.76, and the bearish momentum has not exhausted
- Current price 3992.1 is hugging the 4h EMA; the entry zone is 3988-3996 with SL at 4029, offering a good risk-reward ratio
- First target TP1 at 3963.9 (-0.7%), then TP2 at 3945.1, with 95% confidence on the short side locked in
Discussion:
Will this move reach TP2 first and then rebound, or will it directly lure longs and squeeze shorts all the way to 4029?