XAU Short Position Trap: The Subtle Balance Around 4017 Is About to Break?



$XAU /USDT - SHORT to go short

Trading Plan:
Entry: 4013.71 – 4021.65
SL: 4055.75
TP1: 3989.13
TP2: 3970.09
TP3: 3941.54

Why focus on this structure?
- 4-hour framework signal is clear: SHORT direction, confidence 55.4%, waiting for trigger.
- Current price 4017.68 is hovering near the EMA; RSI on 15m is 65.08—short-term overbought but not reversed.
- Key range: A breakout above 4021.65 turns bullish toward 4046+; a break below 4013.71 sends shorts targeting 3989–3970.
- Strict stop-loss: short SL 4055.75, long SL 3979.61; asymmetric risk-reward ratio about 1:2.

Discussion:
Will this move first test TP2 at 3970, or will it pull a stop-out/induced sell before charging straight to TP1 at 4046?
XAU0.69%
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