#XAUUSD 15M — Short Setup 📉
Price made a strong bearish move from the 4395–4405 area and is currently consolidating below the short-term moving averages. The recent pullback into the 366–370 resistance/supply area is showing rejection, giving a possible continuation setup for the downside.
🔹 Entry: Around 4362–366
🔹 Stop Loss: 4376
🔹 Target 1: 4350
🔹 Target 2: 4334
🔹 Risk/Reward: Around 1:2+
The key idea is simple: wait for bearish confirmation around the 4366–4370 resistance zone instead of entering blindly. If price gets rejected and continues making lower highs, the downside move can continue toward the marked demand zones.
If price breaks and holds above 4376, this short setup becomes invalid. ⚠️
Always manage your risk and avoid overleveraging. Wait for confirmation and let the setup come to you. 📊
Please support me, guys, so I can keep sharing my analysis and help with the next trade as well. Follow & Like 😊🤝❤️
#XAUUSD #Gold #Trading #TechnicalAnalysis #Binance #Forex #PriceAction
Price made a strong bearish move from the 4395–4405 area and is currently consolidating below the short-term moving averages. The recent pullback into the 366–370 resistance/supply area is showing rejection, giving a possible continuation setup for the downside.
🔹 Entry: Around 4362–366
🔹 Stop Loss: 4376
🔹 Target 1: 4350
🔹 Target 2: 4334
🔹 Risk/Reward: Around 1:2+
The key idea is simple: wait for bearish confirmation around the 4366–4370 resistance zone instead of entering blindly. If price gets rejected and continues making lower highs, the downside move can continue toward the marked demand zones.
If price breaks and holds above 4376, this short setup becomes invalid. ⚠️
Always manage your risk and avoid overleveraging. Wait for confirmation and let the setup come to you. 📊
Please support me, guys, so I can keep sharing my analysis and help with the next trade as well. Follow & Like 😊🤝❤️
#XAUUSD #Gold #Trading #TechnicalAnalysis #Binance #Forex #PriceAction
