Before the gold breaks down, what are these shorts biding their time for?



$XAU /USDT - SHORT sell

Trading plan:
Entry: 4001.60 – 4008.86
SL: 4040.11
TP1: 3979.07
TP2: 3961.63
TP3: 3935.47

Why watch this structure?
- Clear direction on the 4H timeframe: SHORT, confidence 55.4, in the waiting zone.
- Current price around 4005, closely tracking the EMA? RSI (15m) 59, not overbought—shorts are building momentum.
- Key TP1 at 3979, TP2 at 3961, stop loss at 4040— the reward-to-risk is close to 1:3, and the entry timing is mature now.

Discussion:
Will this move to TP2 first, or will it fake a pump to lure buyers before dropping? Have you placed your orders?
XAU0.76%
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