Gold (XAU/USD) 15-Minute Analysis – Bearish Reversal from Resist
This 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.
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.
Trade closed: target reached
tp 2 hit 150 pips done 
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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.
Join my telegram (COPY_TRADE)
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Join my refrel broker link
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t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
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.