Gold Is Gradually Losing Its Dominance.

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XAUUSD – M15 Timeframe

🔹 Trend: Price continues to maintain a short-term bearish structure, consistently forming lower highs and remaining compressed beneath the descending trendline.

🔹 Key Resistance Levels:

* 4,019 – 4,020: Near-term resistance and a key level that will likely determine the short-term direction.
* 4,053 – 4,055: Strong resistance zone. A breakout and confirmed candle close above this area would signal a potential bullish reversal.
* 4,098 – 4,100: The next upside target if the breakout is successful.

🔹 Key Support Levels:

* 3,963 – 3,965: Short-term support and the current consolidation low.
* 3,928 – 3,930: Strong Daily timeframe support, serving as the next downside target if price breaks below 3,965.

🔹 Trendline: The descending trendline continues to exert pressure on price. A breakout accompanied by strong momentum and a confirmed candle close could trigger a recovery move toward 4,053–4,098. Conversely, a break below 3,965 would reinforce the bearish trend, targeting 3,930.

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Trading Plan

🟢 BUY GOLD

* Entry: 3,930 – 3,928
* Stop Loss: 3,918
* Take Profit: 200 / 500 / 1000 pips

🔴 SELL GOLD

* Entry: 4,053 – 4,055
* Stop Loss: 4,065
* Take Profit: 200 / 500 / 1000 pips

Risk Management

* Risk no more than 1–2% of account equity per trade.
* Wait for confirmation signals before entering a position.
* Consider moving the stop loss to breakeven once the trade reaches a reasonable profit level to protect capital.

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