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Most traders are buying $XAU /USDT right now—that’s exactly why I’m shorting it.
$XAU /USDT - SHORT
Trade Plan:
Entry: 4445.06 – 4452.38
SL: 4483.90
TP1: 4422.34
TP2: 4404.75
TP3: 4378.37
Why this setup?
Why now? RSI on the 15m hit 29.26 (oversold), but the 4h MTF is armed SHORT with 55% confidence. Price is stuck in a 1D range, and the entry zone around 4448.72 is rejecting upside. TP1 at 4422.34 is within 1 ATR (14.65)—quick profit before momentum fades.
Debate:
You see a dead cat bounce or a confirmed breakdown to 4404?