XAUUSD Facing Strong Resistance – Intraday Short Setup from Supp

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XAUUSD Intraday Analysis (15M)

Market Structure:

Price is in a short-term uptrend (higher highs & higher lows).
Currently testing a key resistance / supply zone around 4,780 – 4,800.
Momentum is slowing as price taps into this zone → potential distribution or pullback.
Key Zones:
Resistance / Supply: 4,780 – 4,800
Immediate Support: ~4,760
Target Support Below: 4,740 – 4,735
Trade Idea (As Marked on Chart): SHORT Setup

Entry Zone:

Around 4,775 – 4,785 (rejection area)

Stop Loss:

Above 4,803 – 4,805 (above liquidity & highs)

Targets:

TP1: 4,760
TP2: 4,746
TP3: 4,740
Confirmation Signals to Watch:
Rejection wicks from resistance
Bearish engulfing on 15M
Break of minor structure (below 4,765 area)
Alternative Scenario:
If price breaks and holds above 4,800, bearish idea invalidates
Expect continuation toward 4,820+
Summary:
Market is bullish overall, but currently at strong resistance
Favoring a short-term pullback (sell setup) from supply
Trade is counter-trend, so confirmations are important

Feragatname

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