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Gold Rallied Hard _ Now a Short Setup Is Appearing

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Today, I want to share a short opportunity with you on the 15-minute time frame for Gold(XAUUSD). Over the past two days, like other assets, gold has had a nice bullish run, but now I want to see where we might be able to catch a solid short setup.

Right now, Gold is moving near a resistance zone($4,802-$4,767). We can also see a negative Regular Divergence(RD-) between two consecutive peaks.

From an Elliott Wave perspective, Gold appears to be nearing the end of its five-wave impulsive structure, so we could anticipate corrective waves in the coming hours.

I expect that once Gold drops, it could drop at least to $4,724, and if the bearish momentum is stronger, it could even fall toward $4,703.

First Target: $4,703

Second Target: $4,679

Stop Loss(SL): $4,782

Points may shift as the market evolves.

What’s your view on gold? Do you think it can break above $4,802, or not?

💡 Please respect each other's opinions and express agreement or disagreement politely.

📌 Gold Analyze (XAUUSD), 15-minute time frame.

🛑 Always set a Stop Loss(SL) for every position you open.

✅ This is just my idea; I’d love to see your thoughts too!

🔥 If you find it helpful, please BOOST this post and share it with your friends.
עסקה פעילה
Trade was activated
עסקה סגורה: היעד הושג
תמונת-בזק

First Target Done, second target is also possible.
הערה
תמונת-בזק

Full Target Done($4,679)

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