Is gold’s rebound a trap or a starting point?
$XAU /USDT - SHORT
Trading plan:
Entry: 4656.78 – 4664.94
SL: 4700.00
TP1: 4631.50
TP2: 4611.93
TP3: 4582.58
Why pay attention to this setup?
- The current XAU_USDT price is 4660, and the 1D trend is ranging, not one-way bullish.
- The 4H direction is clearly SHORT, but the 15-minute RSI = 57.45, indicating short-term rebound momentum.
- ATR 1H = 16.3, with low volatility, making it suitable for precise short entries within the range.
- Key levels: TP1 = 4631.50 and TP2 = 4611.93 below; SL = 4700 above, with a risk-reward ratio of approximate