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Gold just printed a textbook 4h rejection at 4230 – most traders are still buying.
$XAU /USDT - SHORT
Trade Plan:
Entry: 4229.36 – 4232.06
SL: 4243.70
TP1: 4220.97
TP2: 4214.48
TP3: 4204.73
Why this setup?
Why short $XAU /USDT now? 1D trend is range, not bull. RSI 15m at 54.04 shows no momentum. Entry zone 4229–4232 with tight SL at 4243. TP1 4220, TP2 4214. The 1h ATR of 5.41 means a 0.3% move captures TP2.
Debate:
Is this the fake breakout before the drop, or are you fading the short?