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Gold’s 4h chart just flashed a signal that trapped bulls 3 times in June.
$XAU /USDT - SHORT
Trade Plan:
Entry: 4355.46 – 4362.12
SL: 4390.74
TP1: 4334.83
TP2: 4318.86
TP3: 4294.90
Why this setup?
RSI on 15m is 66.73—overbought in a range. $XAU /USDT rejection at 4358.79 with tight ATR of 13.3 means momentum is weak. Why now? The short setup targets TP1 at 4334.83 before the next move.
Debate:
Is this a fake breakdown or the real slide to 4318?