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Gold long/short double-kill setup—4033 a fake breakout?
$XAU /USDT - go SHORT
Trading plan:
Entry: 4030.06 – 4036.30
SL: 4063.18
TP1: 4010.68
TP2: 3995.68
TP3: 3973.18
Why watch this structure?
- RSI 15m at 50.31 is neutral; the 4H bearish signal hasn’t changed.
- Daily range-bound consolidation, with 4033 as the short-term pivot between longs and shorts.
- If it breaks below 4030, targets are TP1 4010 and TP2 3995.
- Current risk-reward is 1:2.4, with SL at 4063 manageable.
Discussion:
Will this move reach TP2 first, or is it a long-squeeze trap?