Gold's coiled spring: $XAU / $USDT is about to snap from this range.

$XAU - LONG

Trade Plan:

Entry: 5077.409706 – 5093.126388

SL: 5038.117999

TP1: 5132.418094

TP2: 5148.134777

TP3: 5179.568142

Why this setup?

4H setup is armed. RSI on lower timeframes is neutral, not overbought, allowing room for a push. Key entry zone between 5077-5093 with a clear path to TP1 at 5132 if the daily range breaks.

Debate:

Is this the fakeout before the real breakout, or are we headed straight for TP1?

XAU
XAUUSDT
4,916.99
-3.30%