Is Gold 4029 holding up? Bears have already targeted TP2



$XAU /USDT - SHORT

Trading plan:
Entry: 4029.78 – 4036.44
SL: 4065.04
TP1: 4009.16
TP2: 3993.20
TP3: 3969.25

Why focus on this structure?
- The 4-hour SHORT signal has been triggered. The 15-minute RSI is only 34.42, and bearish momentum keeps running.
- Entry reference at 4033, with TP2 set at 3993, about 40 points away from the current level. ATR (1h) is only 13, so there’s plenty of room for volatility.
- Why now? The 1D trend is ranging, but the 4h timeframe favors the bears. Any short-term rebound is a window to short.

Discussion:
Will this wave reach TP2 first, or is it a bull trap rebound that bounces to SL?
XAU0.06%
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