Gold bears are laying an ambush at 4116—who will be the one taking the bag?



$XAU /USDT - SHORT

Trading plan:
Entry: 4113.8 – 4118.8
SL: 4139.8
TP1: 4098.6
TP2: 4086.9
TP3: 4069.2

Why pay attention to this structure?
- Clear direction on the 4-hour timeframe: SHORT, confidence 55%, not blindly chasing shorts.
- Current price 4116.3 is right at the 4H resistance zone. 15-minute RSI is 54.2, not overbought, and there’s plenty of downside room.
- SL at 4139.8, TP1 at 4098.6, with a reasonable risk-reward ratio. Why now? Because the daily chart is ranging; the 4H bearish signal has just triggered, waiting for entry confirmation.

Discussion:
Will this move reach TP2-4086.9 first, or is it a fake breakdown followed by a rebound?
XAU-0.13%
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