XAU/USD 15M Technical Analysis (Educational)
Market Structure
Price broke above the ascending channel, trapping breakout buyers before showing a sharp rejection.
The strong bullish impulse reached a key resistance/supply zone around 4109–4112, where sellers stepped in.
The current setup favors a bearish pullback if price fails to reclaim the resistance zone.
Key Levels
Resistance / Sell Zone: 4109.30 – 4112.00
Stop Loss: 4130.18 (above the recent swing high)
Target: 4040.38
Trade Idea
Bias: Bearish
Wait for price to retest the highlighted resistance/support-flip area near 4109.
If bearish confirmation appears (rejection candle or bearish engulfing), sellers may regain control.
A sustained break above 4112 would weaken the bearish outlook and increase the probability of continuation toward 4130.
Technical Confluence
✅ Breakout followed by exhaustion near resistance.
✅ Supply zone aligns with recent highs.
✅ Favorable risk-to-reward (approximately 1:4).
✅ Potential liquidity grab before downside continuation.
Educational Note

This analysis is for educational purposes only. Wait for confirmation before entering a trade and always use proper risk management. A clean close above the resistance zone invalidates the bearish setup.