Gold (XAU/USD) 15-Minute Analysis – Bearish Reversal from ResistThis chart is a 15-minute timeframe analysis of Gold (XAU/USD) using TradingView. Here's the breakdown of the analysis:
Key Levels & Setup:
Entry Zone (ENTRE): Around 3,004.172 - 3,003.999
Stop Loss (SL): 3,010.919 - 3,010.746 (Above the resistance zone)
Take Profit Targets:
TP1: 2,995.869
TP2: 2,987.219
TP3: 2,980.646
Technical Indicators:
Exponential Moving Averages (EMAs):
EMA 30 (Red Line): 2,992.313 (Short-term trend)
EMA 200 (Blue Line): 2,978.242 (Long-term trend)
Market Structure & Trade Idea:
The price is near a resistance zone (purple area), indicating a potential short-selling opportunity.
If the price fails to break above the resistance and reverses, it could drop toward the take profit levels.
The risk-to-reward ratio looks favorable, with the stop loss set just above resistance.
A break below the 30 EMA could further confirm bearish momentum toward 200 EMA.
Trade Execution Plan:
Short Entry: If the price respects the resistance area and starts to reject downward.
Stop Loss: Above the resistance at 3,010.919.
Take Profits: TP1, TP2, and TP3 as per the marked levels.
Conclusion:
Bearish Setup: If price rejects resistance.
Bullish Risk: If price breaks above resistance and holds, the trade setup is invalid.
