Price is approaching a major confluence zone where two descending trendlines intersect.
This area is further strengthened by a small Supply/Demand zone (highlighted rectangle), making it a high-probability sell region.
🔹 Plan:
Watch for rejection / bearish confirmation near the marked box
Primary bias: Sell from resistance
🔹 Expected Scenarios:
🟢 Bullish alternative:
If price breaks and sustains above the confluence, continuation toward the upper resistance zone is possible.
🔴 Bearish main scenario:
Rejection from the box → pullback to minor support → continuation drop toward the green demand zones below, as shown by the arrows.
🔹 Key Notes:
Structure still corrective inside a larger range
Best entries on lower timeframe confirmation (5m / 15m)
Risk management is key around trendline tests
📌📌📌 Not financial advice. Trade with confirmation 📌📌📌
Rejection Signs to Look For (5m / 15m)
Enter only if at least 2–3 of these appear:
✅ Long upper wicks (failed highs)
✅ Bearish engulfing / strong impulsive red candle
✅ Multiple attempts to break high but no close above trendline
✅ Break of LTF higher low (structure shift)
✅ Volume spike on rejection (if you use volume)
📌 Key rule:
Wick is information, close is confirmation.
This area is further strengthened by a small Supply/Demand zone (highlighted rectangle), making it a high-probability sell region.
🔹 Plan:
Watch for rejection / bearish confirmation near the marked box
Primary bias: Sell from resistance
🔹 Expected Scenarios:
🟢 Bullish alternative:
If price breaks and sustains above the confluence, continuation toward the upper resistance zone is possible.
🔴 Bearish main scenario:
Rejection from the box → pullback to minor support → continuation drop toward the green demand zones below, as shown by the arrows.
🔹 Key Notes:
Structure still corrective inside a larger range
Best entries on lower timeframe confirmation (5m / 15m)
Risk management is key around trendline tests
📌📌📌 Not financial advice. Trade with confirmation 📌📌📌
Rejection Signs to Look For (5m / 15m)
Enter only if at least 2–3 of these appear:
✅ Long upper wicks (failed highs)
✅ Bearish engulfing / strong impulsive red candle
✅ Multiple attempts to break high but no close above trendline
✅ Break of LTF higher low (structure shift)
✅ Volume spike on rejection (if you use volume)
📌 Key rule:
Wick is information, close is confirmation.
Trade active
Now XAUUSD In Resistance and structure is compressing and Forming a Symmetrical triangle .. wait and check for Tomm Core PPI New at 7Pm ISt Trade closed: target reached
AS MENTIONED IN ARROW TARGET DONE . CHECK MY TODAYS ANALYSIS FOR 02-03-2026 ON US SESSION ANALYSISWant to Trade Smartly Using Our Powerful Indicator or Strategy?
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want to Trade Smartly Using Our Powerful Indicator or Strategy?
Connect Trading View alerts directly to Meta Trader using PineConnector &trade automatically with any broker
📩 For more details, send message on Telegram: t.me/falcontradertamil
Connect Trading View alerts directly to Meta Trader using PineConnector &trade automatically with any broker
📩 For more details, send message on Telegram: t.me/falcontradertamil
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
