$XAU /USDT on a 4-hour timeframe: bearish signals have appeared, but RSI is neutral and slightly strong—are we seeing a bull trap?



$XAU /USDT - SHORT

Trade plan:
Entry: 4107.29 – 4114.47
SL: 4145.37
TP1: 4085.01
TP2: 4067.77
TP3: 4041.90

Why pay attention to this setup?
- Intraday trend is range-bound, but the 4-hour bias is clearly toward SHORT. Entry reference: 4110.88, stop loss: 4145.37.
- RSI on the 15-minute chart is 55.31: not overbought, but short-term momentum is weak. Price is hovering around the EMA, waiting for a breakout.
- Why now? Range boundary effect: if it can’t hold above 4114.47, the first bearish target looks to 4085.01 (TP1). Below that, 4067.77 (TP2) is a dense support zone.

Discussion:
Will this move reach TP2 first, or will it pull back to 4120 to bait longs? Do you think we should chase a short within the range, or wait for a rebound?
XAU-0.16%
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