GOLD (XAUUSD) 15-Min Chart – Bearish Reversal Setup with Key Ent

14 apr

Price: $3,232.02 (at time of chart)

Trend: Price is consolidating near a resistance area after an upward move, with potential for a reversal.

🔍 Key Technical Levels
📈 Entry Point: $3,241.88
(Marked for a potential short entry)

🔻 EA Target Point (Take Profit): $3,187.70
This is the target for the short position; aligns with a strong previous demand zone and near the 200 EMA.

⛔ Stop Loss Zone: Above $3,243.48
Purple zone indicates the invalidation area for the short trade.

📉 Resistance Point: $3,229.87
(Red line, also the 30 EMA) – Important level where price is currently hovering.

🔵 Confirm Target Points: $3,223.04 & $3,218.25
Zones to watch for confirmation of downward momentum.

📘 EMA (30): $3,229.87
Acts as short-term dynamic resistance.

📘 EMA (200): $3,182.40
Acts as major support and long-term trend indicator. Also very close to the target area.

💡 Trade Idea Summary
Strategy: Short (Sell) from the resistance/entry point around $3,241.88.

Target: $3,187.70

Stop Loss: Above $3,243.48

Risk-Reward Ratio: Solid (approx. 1:2+ based on visual range)

🔎 Additional Notes
Price is testing resistance after forming a potential double top or lower high.

A breakdown below $3,223 could confirm bearish continuation.

Watch for confirmation candles on 15m or 1h before entering

15 apr

Trade chiuso: obiettivo raggiunto

target point hit