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Buying the dip against the trend in gold? The $XAUT /USDT 4-hour opportunity is here.
XAUT_USDT - Go LONG
Trading plan:
Entry: 3993.6 – 3995.0
SL: 3985.1
TP1: 4001.2
TP2: 4005.8
TP3: 4012.7
Why focus on this setup?
- The 1D trend is bearish, but the 4-hour RSI on the 15m chart is only 16.26, extremely oversold, with a high chance of a rebound.
- Current price is 3994.3; LONG entry zone is 3993.6-3995.0; TP1: 4001.2, TP2: 4005.8, stop-loss 3985.1.
- Why now? Oversold + high confidence at 84%; downside momentum is exhausted; the short-term rebound signal is clear.
Discussion:
For this LONG, do you think we should target TP2 first, or is it a bull-trap?