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Most traders still think $XAU /USDT is bullish—here’s why they’re wrong.
$XAU /USDT - SHORT
Trade Plan:
Entry: 4327.96 – 4334.26
SL: 4370.45
TP1: 4301.60
TP2: 4281.93
TP3: 4252.42
Why this setup?
RSI on the 15m is already at 77 (overbought) while the 4h trend is range-bound. The SHORT signal with 77.4 confidence targets a drop to 4281.93 (TP2). With ATR at 12.61, the move could be swift. Entry zone: 4327.96–4334.26. Why now? Overbought + range = exhaustion setup.
Debate:
Are you shorting gold here or waiting for a breakout to 4370?