XAU/USDT 4-hour RSI falls to 18—are the bottom signals still a trap?



$XAU /USDT - Go LONG

Trade plan:
Entry: 4078.8 – 4081.0
SL: 4066.0
TP1: 4090.3
TP2: 4097.2
TP3: 4107.6

Why focus on this structure?
- 15-minute RSI is only 18.04, extremely oversold, with short-term rebound momentum building up.
- The 4-hour trend is clearly bullish, confidence 77.4%, and EMA support is effective.
- Current price is 4079.9, close to the entry zone 4078.8–4081.0; the stop-loss at 4066 is controllable, with a favorable risk-reward ratio.
- Why now? Oversold + multi-timeframe confluence, and the rebound window is open.

Discussion:
Will this move first hit TP2 4097.2, or will it lure longs and then dump back to 4066?
XAU-0.71%
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