what Next in Gold

✅ Bearish Structure:

Price is in a clear downtrend, forming lower highs and lower lows on both 15-minute and 1-hour charts.
A descending trendline is acting as resistance.

✅ Order Block (OB) Rejection:

The price recently tapped into an order block near $2,882.439 and got rejected, confirming seller dominance.
This suggests that any retracement to this area could provide a potential short opportunity.

✅ Key Support & Resistance Levels:

Resistance:
$2,904.610 (Major Resistance) – A strong level where price previously reversed.
$2,882.439 (Order Block Resistance) – Key level where sellers stepped in.

Support:

$2,864.908 – Immediate support; a breakdown could lead to further decline.
$2,851.502 – Next key support level.
$2,833.971 – Major support zone where buyers may step in.



✅ Potential Trade Setups:

📉 Bearish Scenario:

If price rejects from the order block ($2,882 area) or the trendline, a short position could be considered targeting $2,864 - $2,851.
A break below $2,864 could accelerate selling pressure toward $2,833.

📈 Bullish Scenario:

A break and close above $2,882 could invalidate the bearish setup and push price towards $2,904, where major resistance lies.

📉 Bearish Setup (Short Trade)
🔹 Entry: $2,880 - $2,882 (Order Block & Trendline Resistance)
🔹 Stop-Loss (SL): $2,887 (Above the order block to avoid stop hunts)
🔹 Take-Profit (TP) Targets:

TP1: $2,864 (First support level)
TP2: $2,851 (Next key support)
TP3: $2,834 (Major support zone)

🔹 Risk-Reward Ratio (RRR): At least 1:3+ (Good setup if price rejects the OB)

✅ Confirmation:

Look for a rejection candle (like a bearish engulfing or pin bar) before entering.
If price closes above $2,887, exit short trades as it may flip bullish.

📈 Bullish Setup (Long Trade - If Structure Breaks)
🔹 Entry: Break & Retest of $2,882 (If price holds above this level)
🔹 Stop-Loss (SL): $2,875 (Below breakout zone to manage risk)
🔹 Take-Profit (TP) Targets:

TP1: $2,895
TP2: $2,904 (Major resistance)
🔹 Risk-Reward Ratio (RRR): 1:2 or higher
✅ Confirmation:

Wait for price to close above $2,882 on the 15M or 1H timeframe before entering.
If price gets rejected at $2,882, avoid longs and favor shorts.

Final Thoughts:

🚨 Gold remains bearish unless it breaks above $2,882 - $2,904.
📉 Sellers are in control below the order block, and a rejection from this zone may continue the downward move.
📊 Traders should watch price action at key support levels ($2,864 & $2,851) for possible reactions.

👉 Always follow TP/SL to protect your capital and maximize profits!

Stay tuned for updates once the confirmations are in place!

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📢Best Regards , Silver Wolf Traders Community

Disclaimer: This is for educational purposes only.
Always trade responsibly and manage your risk effectively