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Everyone is buying the dip on $XAU /USDT, but the 15m RSI just hit 30.7—that’s a trap signal, not a bottom.
$XAU /USDT - SHORT
Trade Plan:
Entry: 4239.62 – 4250.12
SL: 4295.23
TP1: 4207.10
TP2: 4181.92
TP3: 4144.16
Why this setup?
Why now? The 4h SHORT bias is armed with 55% confidence, and price is rejecting at the 1h resistance of 4244.83. RSI is oversold on the 15m, which often precedes a dead cat bounce before continuation lower. The range-bound daily trend means we’re not breaking out—we’re coiling for a drop to TP1 at 4207.10.
Debate:
Are you loading shorts at 4244 or waiting for a retest of 4250 before pulling the trigger?