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Gold bulls launched a late-night raid—where is the bottom of this $XAU /USDT move?
$XAU /USDT - Go LONG
Trading Plan:
Entry: 4081.28 – 4089.36
SL: 4034.90
TP1: 4123.13
TP2: 4148.34
TP3: 4186.15
Why pay attention to this structure?
The 15-minute RSI has fallen to 26.74, showing severe oversold conditions. The 4-hour EMA support is at 4085, and the LONG signal scores 77. Why now? The oversold rebound window is open. TP1 targets 4123, and risk is controllable.
Discussion:
Will this wave first push up to TP2 at 4148, or is it a bull-trap setup?