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Gold’s 4h chart just flashed a short signal $XAU /USDT never saw coming.
$XAU /USDT - SHORT
Trade Plan:
Entry: 4338.3 – 4345.5
SL: 4376.5
TP1: 4315.9
TP2: 4298.6
TP3: 4272.7
Why this setup?
RSI at 60 on 15m shows local overbought pressure. ATR of 14.4 confirms volatility is low—breakouts often fake here. Primary setup targets TP1 at 4315.9 with a tight SL at 4376.5. The “range” daily trend means fade the false highs.
Debate:
Is this 4341.9 entry the trap before a dump or just a dead cat bounce?