XAU shorts are laying in wait—how far can this pullback go?



$XAU /USDT - SHORT

Trading plan:
Entry: 4114.4 – 4120.4
SL: 4146.2
TP1: 4095.8
TP2: 4081.4
TP3: 4059.7

Why focus on this setup?
- The 4h direction is clearly SHORT. Entry reference is 4117.4. The current 15m RSI at 62.05 hasn’t gone into overbought yet, and there’s still room to the downside.
- Why now? The 1D trend is ranging, but short-term signals lean bearish. TP1 at 4095.8 and TP2 at 4081.4 are gradually probing lower.
- If it breaks below the 4114.4 low, bearish momentum could accelerate, with the first target looking at TP2.

Discussion:
Will this leg reach TP2 first, or is it a bull trap?
XAU-0.25%
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