Is the gold bulls laying in wait at 4023? Watch out for a 4-hour false breakout!



$XAU /USDT - SHORT to go short

Trading plan:
Entry: 4020.3 – 4026.3
SL: 4052.4
TP1: 4001.5
TP2: 3986.9
TP3: 3965.1

Why focus on this setup?
- Current price is 4023; RSI (15m) is only 51.58, and momentum is neutral to slightly weak; the 4-hour EMA suggests a range-bound move, with no confirmed direction yet.
- Why now? If it breaks below the 4020.3 support, the SHORT targets TP1=4001.5 (-0.5%), TP2=3986.9 (-0.9%); if it rebounds and breaks above 4026.3, ALT longs can look up to 4045.1.
- Volatility is low (ATR 1h=12.1); after a breakout, it may accelerate—wait for confirmation.

Discussion:
Do you think this move will hit TP2 first with the short order, or fake a dip to lure shorts and then pull back up to 4050?
XAU1.50%
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