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Why everyone ignoring $XAU /USDT is about to get wrecked.
$XAU /USDT - SHORT
Trade Plan:
Entry: 4259.80 – 4270.68
SL: 4317.43
TP1: 4226.10
TP2: 4200.01
TP3: 4160.87
Why this setup?
RSI on 15m at 47.94 shows weak momentum, not oversold. With 4h bias SHORT at 55% confidence and price stuck in a 1D range, the entry zone at 4265.24 is a trap for bulls. ATR on 1h at 21.7 means volatility is ripe—target TP1 at 4226.10 is the first real test.
Debate:
Is this a fakeout below 4260 or the start of a cascade to 4200?