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I’m calling it now—$XAU /USDT is about to fake out the bulls before a 100-point drop.
$XAU /USDT - SHORT
Trade Plan:
Entry: 4209.63 – 4222.55
SL: 4278.15
TP1: 4169.54
TP2: 4138.51
TP3: 4091.97
Why this setup?
RSI on 15m is 64 (overbought for a short entry), but the 4h trend is range-bound with a SHORT bias at 55% confidence. The ATR of 25.86 suggests volatility is tight—meaning the breakout could snap fast. Entry zone is 4216, with TP1 at 4169 and TP2 at 4138. Why now? Because the 1D range structure makes 4222 a high-probability rejection zone.
Debate:
Are you shorting $XAU /USDT at 4216 or waiting for a retest of 4222?