Gold's 4H chart is flashing a signal most traders will ignore.
$XAU /USDT - SHORT
Trade Plan:
Entry: 4860.598303 – 4879.293319
SL: 4926.030857
TP1: 4813.860764
TP2: 4795.165749
TP3: 4757.775718
Why this setup?
Price is rejecting the top of its daily range near 4870. The 1H ATR of ~37 points shows volatility is primed for a move. With RSI on lower timeframes neutral, the path of least resistance is a test of support.
Debate:
Is this a fakeout before a squeeze to 4926, or the start of a drop to 4813?
open the trade $XAU