Gold $XAU /USDT 4H short trap—are you brave enough to take it?



$XAU /USDT - SHORT

Trading plan:
Entry: 4116.66 – 4119.46
SL: 4131.51
TP1: 4107.97
TP2: 4101.24
TP3: 4091.15

Why focus on this structure?
Current price is around 4118. 4H SHORT signal, but the daily chart is ranging. RSI on 15M is 53.95—not oversold, and the EMA trend hasn’t been broken. So why now? Entry at 4118.06, TP1 at 4107.97, with only ~0.3% risk on the SL—high reward-to-risk. But note: the invalidation level is 4128.54; if price breaks through, it could reverse.

Discussion:
Will you take profit at TP1 first in this leg, or will it fake a breakout to lure longs back?
XAU0.68%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned