$XAUT
SHORT — BEARISH CONTINUATION SETUP
Gold is presenting a fresh bearish continuation setup on the 15M chart after the latest corrective recovery failed to change the broader downside structure.
Price rejected the 4,310–4,315 resistance area, then broke the rising intraday trendline and returned below the critical 4,301.70 structure level. Current price is around 4,288, putting the market back under short-term bearish control.
Short Entry: 4,288–4,301
Stop Loss / Invalidation: 4,321.13
TP1: 4,270
TP2: 4,250
TP3: 4,228.94
The key technical confirmation is the loss of 4,301.70. As long as price remains below this level, the latest rebound can be treated as a failed corrective move and downside continuation remains favored.
A recovery above 4,301.70 would weaken immediate bearish momentum, while a sustained break above 4,321.13invalidates this specific short setup.
Bias: BEARISH
Structure: Trendline break + failed recovery + support breakdown
Key Level: 4,301.70
Main Objective: 4,228.94
The higher-timeframe scenario drawn on the chart also leaves room for a future corrective recovery before another bearish leg, so this post refers specifically to the current 15M short setup, not a permanent directional call.
Execution Over Prediction.
SHORT — BEARISH CONTINUATION SETUP
Gold is presenting a fresh bearish continuation setup on the 15M chart after the latest corrective recovery failed to change the broader downside structure.
Price rejected the 4,310–4,315 resistance area, then broke the rising intraday trendline and returned below the critical 4,301.70 structure level. Current price is around 4,288, putting the market back under short-term bearish control.
Short Entry: 4,288–4,301
Stop Loss / Invalidation: 4,321.13
TP1: 4,270
TP2: 4,250
TP3: 4,228.94
The key technical confirmation is the loss of 4,301.70. As long as price remains below this level, the latest rebound can be treated as a failed corrective move and downside continuation remains favored.
A recovery above 4,301.70 would weaken immediate bearish momentum, while a sustained break above 4,321.13invalidates this specific short setup.
Bias: BEARISH
Structure: Trendline break + failed recovery + support breakdown
Key Level: 4,301.70
Main Objective: 4,228.94
The higher-timeframe scenario drawn on the chart also leaves room for a future corrective recovery before another bearish leg, so this post refers specifically to the current 15M short setup, not a permanent directional call.
Execution Over Prediction.
