The Strategy:
Entry: 4748.30 – 4748.60
SL: 4750.25
TP1: 4747.15
TP2: 4746.25
TP3: 4744.90
Why I’m looking at this:
$XAU While Gold has been stuck in a sideways range on the daily chart, the 4-hour momentum is finally starting to shift downward.
Lower Timeframe Exhaustion: On the 15-minute chart, the RSI is hitting 62.65. This suggests the recent move up is running out of steam and we’re likely at a local top.
Volatility is Waking Up: The ATR (Average True Range) shows that price movement is tightening, which usually means a big move is coming.
Clean Levels: I’ve mapped out a specific entry zone where the risk-to-reward ratio actually makes sense.
XAUUSDTPerp4,712.44+0.02%
The Big Question:
Is this the beginning of a real breakdown from the range, or are we just looking at another "fakeout" before it heads back up?
What do you think? Are you selling the peak or waiting for more proof?