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Gold just flashed a 4h SHORT signal—but the RSI says nobody’s panicking yet.
$XAU /USDT - SHORT
Trade Plan:
Entry: 4334.79 – 4341.47
SL: 4370.18
TP1: 4314.09
TP2: 4298.06
TP3: 4274.03
Why this setup?
• $XAU /USDT entry at 4338 with tight SL at 4370 (0.7% risk).
• TP1 at 4314 is just 0.5% away—fast scalp territory.
• 1h RSI at 50.6 means room to drop before oversold.
• Range-bound daily trend favors mean reversion, not breakout.
Debate:
If the daily range holds, does TP2 at 4298 get hit before Friday, or do we get faked out at 4314?