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You think gold is done falling? $XAU /USDT just gave a 55% short signal that most will ignore.
$XAU - SHORT
Trade Plan:
Entry: 4688.052550 – 4693.349222
SL: 4716.124916
TP1: 4671.632863
TP2: 4658.920848
TP3: 4639.852825
Why this setup?
- 4h bias flips SHORT with RSI 15m at 48.97, showing early rejection momentum.
- Entry zone at 4690.7, with TP1 at 4671.6 and TP2 at 4658.9 — 1h ATR of 20.3 confirms room to drop.
- Trend remains range-bound on 1D, so this is a tactical scalp, not a trend trade.
Debate:
Are you shorting $XAU into TP2 or waiting for a bounce to trap bulls?
$XAU #GateSquareMayTradingShare