Gold has placed limit orders around the 4000 level— is this a trap or a real breakout?



$XAU /USDT - SHORT sell

Trading plan:
Entry: 3996.41 – 4004.09
SL: 4037.10
TP1: 3972.61
TP2: 3954.19
TP3: 3926.55

Why focus on this setup?
- The 4H SHORT signal has been activated. RSI (15m) is only 37.59, showing clear weakness.
- The daily range-bound structure remains, but the short-term EMA is under pressure, and downside momentum hasn’t been fully released yet.
- Current price is 4000.25, close to the entry zone. TP1 at 3972.61 offers a reasonable risk-reward.

Discussion:
Will this move reach TP1 first, or will it directly lure a reversal to the short side? Where are you setting your stop-loss?
XAU-0.88%
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