Gold's 4H chart just flashed a signal it hasn't shown in weeks. $XAU /USDT
$XAU - SHORT
Trade Plan:
Entry: 4975.351897 – 4990.199113
SL: 5027.317154
TP1: 4938.233855
TP2: 4923.386639
TP3: 4893.692206
Why this setup?
• The 4H setup is SHORT, but with only 55% confidence—this is a range trade, not a trend.
• RSI(15m) at 61.48 shows a recent pop into overbought territory on lower timeframes, offering a potential fade opportunity.
• Key levels are clear: Entry zone ~4983, with TP1 at 4938 and a tight SL just above 5027.
Debate:
Is this a high-probability fade from the range high, or a fakeout before a squeeze to 5040+?
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XAUUSDT
Perp
5,025.44
+2.03%