XAU/USD 15M Technical Analysis — Bearish Setup

Current Price: ~4341.94
Bias: 🔴 Bearish below 4353–4355

📉 Trade Setup
Entry / Sell Zone: 4353.6 area
Stop Loss: 4390.3
Target: 4249.2
Risk: ~36.7 points
Reward: ~104.4 points
Risk/Reward: approximately 1:2.8
🔎 Market Structure
Price has made a strong bullish move but is now consolidating beneath the 4353–4355 resistance/supply zone.
The highlighted blue zone represents an important reaction area.
A 15M bearish rejection from this zone would strengthen the short idea.
The downside objective is around 4249, near the lower liquidity/previous range area.
🎯 Confirmation

Bearish confirmation: 15M candle closes below 4342, followed by a failed retest of 4342–4353.

Invalidation: A strong 15M/30M close above 4355, especially if price holds above the zone, weakens the short setup. A move toward 4390 invalidates the trade idea.

📌 Key Levels

Resistance: 4353–4355 → 4390
Support: 4319 → 4300 → 4255 → 4249 target