Gold bulls are setting up at 4120, but the 4H chart holds hidden dangers.



$XAU /USDT - SHORT

Trading Plan:
Entry: 4115.22 – 4121.34
SL: 4147.68
TP1: 4096.23
TP2: 4081.53
TP3: 4059.48

Why pay attention to this structure?
- RSI 15m at only 43.6, weak rebound, bearish momentum not yet released.
- Within the 4H consolidation range, SYMBOL's current price 4118 is just below the EMA, with a clear bearish structure.
- Why now? Stop-loss at 4147, risk-reward ratio near 3:1, TP2 4081 right within sight.

Discussion:
Will it first hit TP2 at 4081, or fake a short squeeze to 4140?
XAU-0.21%
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