Gold bulls lurking near $4100? Don’t be fooled by the false breakout



$XAU /USDT - SHORT

Trade Plan:
Entry: 4104.32 – 4111.52
SL: 4142.52
TP1: 4081.97
TP2: 4064.67
TP3: 4038.71

Why focus on this structure?
- RSI 15m at 39.05, oversold zone but no reversal yet, bearish momentum remains strong.
- 4H direction is clearly SHORT, confidence 55.4, 1D trend in consolidation range, rebounds are shorting opportunities.
- Current price 4107.92 is close to entry reference, TP1 at 4081.97 (-0.63%), TP2 at 4064.67, SL set at 4142.52 for protection.
- ATR 1h at 14.4, volatility is manageable, suitable for short-term pullback trading.

Discussion:
Will this SHORT hit TP2 first, or will it lure shorts and then pull back to 4130?
XAU-0.27%
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