Gold is not invincible just because it is expensive.
đŽ SHORT $XAU /USDT: expecting price to go DOWN
Bias: SHORT · Leaning
Entry: 4137.15 â 4139.59
TP1: 4115.15 (-0.6%)
TP2: 4099.67 (-0.9%)
TP3: 4076.45 (-1.5%)
SL: 4169.33 (+0.7%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Note: moderate conviction only, keep size light.
Why SHORT? 5/12 signals agree, 0 against.
âą Daily trend down (below EMA50 & EMA200)
âą 4h trend down (below EMA50 & EMA200)
âą 1h trend down (below EMA50 & EMA200)
The reasoning:
The daily trend shows a bearish stack, meaning price is below both the 50 and 200 period moving averages on the daily chart, which means the big picture is down. The 1h price is 4138.37 and the 15 minute RSI is 48.99, which shows sellers are pushing right now with moderate momentum. This is a leaning short with conviction, not a strong one, because the trend aligns but momentum is still in the middle.
What is your invalidation level if you are not short here?
Chart with every level below.
đČ Want more of my latest signals? Join me here:
https://app.binance.com/uni-qr/D26WbL9t
â ïž Personal market analysis only. NFA â manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.
đŽ SHORT $XAU /USDT: expecting price to go DOWN
Bias: SHORT · Leaning
Entry: 4137.15 â 4139.59
TP1: 4115.15 (-0.6%)
TP2: 4099.67 (-0.9%)
TP3: 4076.45 (-1.5%)
SL: 4169.33 (+0.7%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Note: moderate conviction only, keep size light.
Why SHORT? 5/12 signals agree, 0 against.
âą Daily trend down (below EMA50 & EMA200)
âą 4h trend down (below EMA50 & EMA200)
âą 1h trend down (below EMA50 & EMA200)
The reasoning:
The daily trend shows a bearish stack, meaning price is below both the 50 and 200 period moving averages on the daily chart, which means the big picture is down. The 1h price is 4138.37 and the 15 minute RSI is 48.99, which shows sellers are pushing right now with moderate momentum. This is a leaning short with conviction, not a strong one, because the trend aligns but momentum is still in the middle.
What is your invalidation level if you are not short here?
Chart with every level below.
đČ Want more of my latest signals? Join me here:
https://app.binance.com/uni-qr/D26WbL9t
â ïž Personal market analysis only. NFA â manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.