Are the gold bulls dead? $XAU /USDT bearish signals are coming in on the 4-hour timeframe.



$XAU /USDT - SHORT to sell

Trading plan:
Entry: 4014.47 – 4016.41
SL: 4024.74
TP1: 4008.47
TP2: 4003.82
TP3: 3996.84

Why focus on this structure?
The current gold price is 4015.44. On the 15-minute chart, RSI is only 43.75, and momentum is on the weaker side. The trend on 1D is range-bound, but the 4-hour bearish signal has been confirmed, and the entry point is 4015.44. TP1 looks at 4008.47, TP2 looks at 4003.82, with SL at 4024.74. Why now? RSI has not hit oversold, and bears still have room to the downside.

Discussion:
Will this leg of the bearish move reach TP2 first, or is it a bear trap with a rebound?
XAU0.04%
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