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Aashish Manglani
XAUUSD MARKET UPDATE
💡 Technical Overview
Price action on the M15 timeframe shows a clear bearish continuation setup:
Support Breakout: Price has broken below the key intraday support level (~$4,070 - $4,073) and is currently accepting below it.
EMA Confluence: Candle structure is trading consistently below the 100 EMA, indicating strong downward momentum.
Lower Highs Structure: Following the rejection off the major high zone at ~$4,118–$4,120, price structure has shifted bearish with lower highs and lower lows.
RSI Momentum: RSI remains below 50, supporting the immediate bearish bias toward major bottom liquidity (~$4,000–$4,005).
🔴 Trade Setup: Bearish Breakdown / Re-test Sell
Action: SELL / SHORT
Entry Zone: $4,050.00 – $4,065.00
Stop Loss (SL): $4,075.60 (Above 100 EMA and recent broken support flip)
Take Profit 1 (TP1): $4,025.00
Take Profit 2 (TP2): $4,002.90 (Major Support & Demand Zone)
⚠️ Disclaimer
Not Financial Advice (NFA). Leveraged precious metals trading carries high risk. Perform your own technical analysis and maintain proper risk management on all positions.
#XAUUSD #GoldTrading #ForexSignals #BearishBreakout #EMATrading #PriceAction #TechnicalAnalysis #ForexTrading #TradingStrategy #NFA
💡 Technical Overview
Price action on the M15 timeframe shows a clear bearish continuation setup:
Support Breakout: Price has broken below the key intraday support level (~$4,070 - $4,073) and is currently accepting below it.
EMA Confluence: Candle structure is trading consistently below the 100 EMA, indicating strong downward momentum.
Lower Highs Structure: Following the rejection off the major high zone at ~$4,118–$4,120, price structure has shifted bearish with lower highs and lower lows.
RSI Momentum: RSI remains below 50, supporting the immediate bearish bias toward major bottom liquidity (~$4,000–$4,005).
🔴 Trade Setup: Bearish Breakdown / Re-test Sell
Action: SELL / SHORT
Entry Zone: $4,050.00 – $4,065.00
Stop Loss (SL): $4,075.60 (Above 100 EMA and recent broken support flip)
Take Profit 1 (TP1): $4,025.00
Take Profit 2 (TP2): $4,002.90 (Major Support & Demand Zone)
⚠️ Disclaimer
Not Financial Advice (NFA). Leveraged precious metals trading carries high risk. Perform your own technical analysis and maintain proper risk management on all positions.
#XAUUSD #GoldTrading #ForexSignals #BearishBreakout #EMATrading #PriceAction #TechnicalAnalysis #ForexTrading #TradingStrategy #NFA
Aashish Manglani
XAUUSD Higher Timeframe Technical Outlook: Potential Breakdown from Symmetrical Triangle Bearish Analysis On the daily chart, Gold is consolidating within a well-defined Symmetrical Triangle pattern. This structure often signals continuation of the prevailing trend, which currently remains bearish on higher timeframes.
Critical Confluences: Significant Sell Side Liquidity accumulated below current price levels.
Major cluster of pending orders and equal lows located in the 3300 - 3400 region — a high-impact demand zone that could act as a strong magnet.
Repeated rejection from the upper boundary of the triangle, showing clear seller dominance.
A decisive breakdown below the lower trendline of the symmetrical triangle would likely trigger accelerated selling pressure, targeting the substantial liquidity pool in the 3300–3400 area.
This setup warrants close monitoring as it carries significant downside potential in the coming weeks.
This is not financial advice. Trading in financial markets involves substantial risk of loss. Always conduct your own due diligence and implement proper risk management.
#XAUUSD #Gold #TechnicalAnalysis #SymmetricalTriangle #Bearish #Liquidity #SMC #SmartMoneyConcepts #Forex
Critical Confluences: Significant Sell Side Liquidity accumulated below current price levels.
Major cluster of pending orders and equal lows located in the 3300 - 3400 region — a high-impact demand zone that could act as a strong magnet.
Repeated rejection from the upper boundary of the triangle, showing clear seller dominance.
A decisive breakdown below the lower trendline of the symmetrical triangle would likely trigger accelerated selling pressure, targeting the substantial liquidity pool in the 3300–3400 area.
This setup warrants close monitoring as it carries significant downside potential in the coming weeks.
This is not financial advice. Trading in financial markets involves substantial risk of loss. Always conduct your own due diligence and implement proper risk management.
#XAUUSD #Gold #TechnicalAnalysis #SymmetricalTriangle #Bearish #Liquidity #SMC #SmartMoneyConcepts #Forex