Gold $XAU /USDT’s 15-minute RSI has dropped to 22. Will you dare to catch a falling knife?



$XAU /USDT - Short SHORT

Trading plan:
Entry: 4011.36 – 4012.46
SL: 4017.16
TP1: 4007.97
TP2: 4005.35
TP3: 4001.41

Why watch this setup?
- The current 4-hour timeframe signal is SHORT, confidence 55%, with reference entry price at 4011.91.
- The 15-minute RSI is only 22.25—extremely oversold—but the 1-day trend is still a choppy range.
- Why enter now? An oversold rebound may be short-lived; the main direction is bearish. TP1 is 4007.97, TP2 is 4005.35.

Discussion:
Will this bounce first to 4015 and then drop, or will it break 4007 directly? Which side are you on?
XAU0.28%
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