Update: Avoided the Trap! Support broke but I stayed out. Why? RSI was still > 50. MACD no cross.Result: It was a False Breakout! Discipline = Profit. Waiting for a better signal

XAUUSD (Gold) Analysis: Watching for the Overbought Reversal 📉

Hello community! I am closely monitoring Gold (XAUUSD) on the M15 timeframe. Here is my trading plan based on current technical indicators:

1️⃣ RSI Strategy: I am waiting for the RSI to hit the 70-80 overbought zone. 2️⃣ MACD Confirmation: I am looking for the momentum bars to shrink and for a bearish crossover (Green line crossing below the Red line). 3️⃣ OBV Indicator: I need to see the volume lines cross to confirm that selling pressure is entering the market. 4️⃣ Market Structure: The previous resistance has turned into support, but I am staying patient for a clear reversal signal.

My Strategy: No rushing. I am waiting for all indicators to align before considering a SELL position. Patience is the key to profit! 💎

What are your thoughts on Gold today? Let me know in the comments! 👇

#XAUUSD #TradingStrategy #TechnicalAnalysis #Gold #Write2Earn #$USDC