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Gold 4-hour RSI 76 — who is the main force waiting for to take the bag/offload?
$XAU /USDT — short SHORT
Trading plan:
Entry: 4066.24 – 4073.24
SL: 4103.33
TP1: 4044.55
TP2: 4027.75
TP3: 4002.56
Why focus on this structure?
- 15-minute RSI 76.24 enters the overbought zone; short-term pullback pressure is clear
- In the 4H structure, the direction is bearish; targets TP1 4044.55 and TP2 4027.75
- Current price 4069.74 is under EMA pressure; the entry zone 4066–4073 has already been triggered
Discussion:
Will this SHORT hit TP2 first, or will it lure a pullback rebound up to 4094?