Gold price surges past 3997—dare you to take this short trap?



$XAUT /USDT - Short SHORT

Trading plan:
Entry: 3993 – 4001
SL: 4034
TP1: 3969
TP2: 3950
TP3: 3922

Why focus on this setup?
- On the 4-hour timeframe, the trend is clearly bearish; the 1D trend is also in a downtrend—structure resonance.
- 15-minute RSI is 56.8; it’s not overbought yet, with plenty of downside room.
- Enter at 3997: TP1 at 3969, TP2 at 3950—limited loss, high risk-reward.
- Right now is the point to position for a short; wait for confirmation of the signal.

Discussion:
Do you think it hits TP2 first or gets pulled back by a fakeout rally? Have you placed your orders?
XAUT0.54%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned