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Everyone is buying gold—until I saw the 4h RSI at 41.75 on $XAU /USDT.
$XAU /USDT - SHORT
Trade Plan:
Entry: 4035.86 – 4042.16
SL: 4069.21
TP1: 4016.36
TP2: 4001.26
TP3: 3978.61
Why this setup?
Confidence score is 55.4, but the 1D trend is range, not bullish. The 1h ATR is 12.58, giving us a tight stop at 4069.21. The "why now" is the 15m RSI at 41.75—still room to fall before oversold. TP2 at 4001.26 is within 1 ATR.
Debate:
Are you shorting from 4039, or waiting for a retest of the 4042 high first?