🔻 XAUUSD 15M – Precision Short Setup 🔻
Spotted a high-probability short opportunity on XAUUSD using a clean market structure and supply zone analysis. After a bullish retracement, price tapped into the supply zone at 2869.88, showing signs of rejection and potential for a downward move. This aligns with the current bearish momentum on the lower timeframes.
📈 Entry: 2869.35
❌ Stop-Loss: 2873.00 (Above the supply zone to protect against false breakouts)
✅ Take-Profit: 2856.00 (Targeting recent lows for optimal risk-to-reward)
Analysis:
Price is reacting to a key supply area, indicating a possible shift in momentum. The rejection at this level suggests that liquidity above the recent highs has been grabbed, paving the way for a move lower. With a solid risk-to-reward setup, this trade targets the next significant support zone.
Risk Management:
Maintaining a disciplined stop-loss to protect capital while allowing room for price fluctuations. The trade offers a favorable R:R ratio, aligning with my trading strategy based on smart money concepts.
💬 Drop your thoughts below and let me know how you see this playing out! 👇