XAU short signal has emerged, dare you take it?



$XAU /USDT - SHORT

Trading Plan:
Entry: 4121.78 – 4129.56
SL: 4163.06
TP1: 4097.63
TP2: 4078.94
TP3: 4050.90

Why pay attention to this structure?
• 4H SHORT signal, confidence level 55%, reference entry price 4125.67.
• 1H RSI(15m) 66.38, near overbought zone, short-term pullback pressure increasing.
• TP1: 4097.63, TP2: 4078.94, SL: 4163.06, risk-reward ratio approx 1:2.
• Why now? EMA moving averages converged and then diverged downward, bearish momentum is accumulating.

Discussion:
Will it hit TP2 first, or is it a short trap bounce?
XAU1.70%
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