XAU shorts set up, is an RSI breakdown imminent?



$XAU /USDT - SHORT

Trading plan:
Entry: 4110.7 – 4112.5
SL: 4120.1
TP1: 4105.2
TP2: 4101.0
TP3: 4094.6

Why watch this structure?
- From the 4H framework, it’s bearish. The 15-minute RSI has already dropped to 38.32, nearing the oversold zone but not reversing yet.
- Current price is 4111.6. Trigger the SHORT entry directly; TP1=4105.2, TP2=4101.0.
- The daily trend is ranging. Even with low-confidence bearish signals, they’re still valid. Key support is at 4094.6.

Discussion:
Will this short hit TP2 first, or will it be a stop-hunt pullback up to 4120?
XAU-0.13%
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