XAU short trap or real breakout?



$XAU /USDT - go short SHORT

Trading plan:
Entry: 4014.29 – 4015.35
SL: 4019.90
TP1: 4011.01
TP2: 4008.47
TP3: 4004.65

Why focus on this structure?
- The 4H short alert has been triggered, and the current price 4014.82 is right at the entry zone.
- RSI on the 15M is only 48, not oversold yet, so there’s still room for downside.
- The 1D trend is ranging, but the short-term short win rate is 55%, with a reasonable risk-reward (stop loss 4019.90).

Discussion:
For this leg down, should we look for TP1 4011 first, or go for a direct long trap and rebound back to 4021?
XAU-0.17%
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