XAU shorts are building up—don’t get fooled by the 4-hour rebound



$XAU /USDT - SHORT

Trade plan:
Entry: 4018.80 – 4020.36
SL: 4027.04
TP1: 4013.98
TP2: 4010.25
TP3: 4004.65

Why pay attention to this setup?
Why now?
- A 4-hour SHORT signal with a 55% confidence level—not the strongest, but worth monitoring.
- The 1D trend is a range, with no clear direction, but the EMA structure may be weakening.
- RSI on the 15m is 60.46, near the overbought zone, with short-term pullback pressure.
- The short entry is at 4019.58; TP1 at 4013.98, TP2 at 4010.25; stop-loss at 4027.04—risk-reward looks reasonable.
- ATR on the 1h is 3.11, moderate volatility, suitable for short-term trading.

Discussion:
Will this short move first to TP1, or will it sweep the stop-loss first and then reverse?
XAU-0.10%
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