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Is gold 4015 a false breakout? The main players are waiting for retail traders to chase longs.
$XAU /USDT - Sell SHORT
Trading plan:
Entry: 4014.88 – 4016.00
SL: 4020.85
TP1: 4011.38
TP2: 4008.68
TP3: 4004.62
Why watch this structure?
• 4H timeframe is clear: SHORT, confidence 55%, not mindless shorting.• RSI on 15M is only 53, no overbought signal, but the 1D trend is ranging, suitable for high shorts.• Entry at 4015.44, TP1 is right at 4011, risk-reward ratio close to 2:1.
Discussion:
Will this move take profit at TP1 first, or directly smash through 4000?