Gold $XAU /USDT’s 4-hour RSI has reached 61 — is it a bull trap?



XAU_USDT - go short SHORT

Trading plan:
Entry: 4016.46 – 4017.62
SL: 4022.65
TP1: 4012.83
TP2: 4010.03
TP3: 4005.82

Why focus on this structure?
- Current direction: SHORT, confidence 55.4%, EMA on 4h shows pressure.
- Entry at 4017.04, TP1 4012.83, SL 4022.65 — risk-reward 1.2:1, waiting for signal confirmation.
- Why now? 15m RSI 61.17, close to overbought; 1h ATR is only 2.33 — after volatility contraction, it often breaks out.

Discussion:
Will this move hit TP2 at 4010 first, or is it a bull trap rebound to 4021? What’s your take?
XAU0.02%
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