Is the gold rebound just a long-squeeze trap to lure more buyers?



$XAU /USDT - go short SHORT

Trading plan:
Entry: 4103.23 – 4104.49
SL: 4109.94
TP1: 4099.30
TP2: 4096.26
TP3: 4091.70

Why watch this structure?
- On the 4-hour timeframe, the direction is SHORT, confidence 55.4%. The trend is ranging/sideways, but short-term momentum is bearish.
- Current price 4103.86, close to EMA resistance, and 15-minute RSI is 45.58, not in the oversold zone yet—there is still room for downside.
- Why now? TP1 is 4099.30. If it breaks down, it may accelerate to TP2 4096.26. The stop loss is set at 4109.94, with risk kept under control.

Discussion:
Will this move first hit TP2 and then rebound, or will it directly lure longs to liquidate shorts?
XAU-0.33%
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