Gold price is hovering around 4105—have the shorts targeted TP2?



$XAU /USDT - SHORT

Trading plan:
Entry: 4104.30 – 4105.88
SL: 4112.69
TP1: 4099.39
TP2: 4095.60
TP3: 4089.90

Why focus on this setup?
- 4H timeframe bearish; RSI on 15M is only 37.23, momentum is weak.
- ATR on 1H is 3.16—moderate volatility, suitable for short-term trading.
- Current price 4105.09—below EMA support? No, it’s the short entry point.
- Target TP2 at 4095.60, stop-loss at 4112.69—the risk-reward ratio is reasonable.
- Why now? RSI isn’t oversold; the trend hasn’t reversed; shorts still have room.

Discussion:
Will this move hit TP2 first, or is it a bull trap?
XAU-0.26%
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