Got it — here’s a clean technical breakdown of the chart you shared (XAUUSD, 15-min) 👇
🔍 Market Structure
Price is clearly moving inside a descending channel (lower highs & lower lows).
Overall bias remains bearish unless the channel top is broken with strong momentum.
📉 Key Levels
Resistance / Sell Zone
5,060 – 5,065
Marked resistance + channel mid/top rejection
Your highlighted ENTRY POINT makes sense here
Support / Target
5,885 – 4,880
Lower channel boundary + prior liquidity zone
This aligns with the projected -2.9% move
🧠 Price Action Read
Price retraced back into resistance after a weak bounce
No impulsive bullish structure formed
Consolidation under resistance = distribution, not accumulation
Bearish continuation favored while below 5,065
📌 Trade Idea (Based on Chart Logic)
Bias: Sell on rejection
Entry: 5,055 – 5,065
Invalidation: Clean breakout & close above channel top
Target: 4,885 area (channel support)
RR: Solid, continuation setup
⚠️ Invalidation Scenario
Strong bullish candle closing above 5,070
Channel break + retest → bearish idea fails
✅
🔍 Market Structure
Price is clearly moving inside a descending channel (lower highs & lower lows).
Overall bias remains bearish unless the channel top is broken with strong momentum.
📉 Key Levels
Resistance / Sell Zone
5,060 – 5,065
Marked resistance + channel mid/top rejection
Your highlighted ENTRY POINT makes sense here
Support / Target
5,885 – 4,880
Lower channel boundary + prior liquidity zone
This aligns with the projected -2.9% move
🧠 Price Action Read
Price retraced back into resistance after a weak bounce
No impulsive bullish structure formed
Consolidation under resistance = distribution, not accumulation
Bearish continuation favored while below 5,065
📌 Trade Idea (Based on Chart Logic)
Bias: Sell on rejection
Entry: 5,055 – 5,065
Invalidation: Clean breakout & close above channel top
Target: 4,885 area (channel support)
RR: Solid, continuation setup
⚠️ Invalidation Scenario
Strong bullish candle closing above 5,070
Channel break + retest → bearish idea fails
✅
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JOIN MY TELEGRAM CHANNEL LINK t.me/lmindgolde JOIN MY TELEGRAM CHANNEL LINK t.me/lmindgolde
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.