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Entry Zone: Around $3,312 – $3,316The price has hit a demand zone (grey + blue highlighted area), indicating a potential reversal/bounce point.Stop Loss (SL): Just below $3,300The red zone below the entry suggests risk is managed tightly — stopping out if the price breaks the demand zone.Take Profit (TP): Around $3,351 – $3,356The green target zone marks the expected price level where profit will be taken.📌 Key ObservationsDemand Zone (Support):Price has reacted multiple times around the blue-grey area (support), suggesting strong buying interest.Bullish Engulfing Setup:The last candle at the demand zone appears strong — showing signs of bullish pressure.High Reward to Risk:The RR ratio looks favorable — small risk for a larger reward.Previous Supply Zone:Around $3,351+, marked in green — that's the area of interest for sellers, hence a good TP area.🧠 InterpretationThis setup suggests the trader expects gold to bounce from this support and head toward the previous resistance/supply area.If the trade works, the trader earns a nice reward.If the trade fails, it exits with minimal loss below support.

Gold shows a strong intraday rejection from a clearly defined supply zone (marked in green) between 3351.80 and 3354.89. Price is currently reacting and showing signs of exhaustion near resistance.🧠 Smart Money Concept in Play:A liquidity sweep already occurred at the top.Aggressive wicks into the supply zone, followed by immediate rejection, signal potential institutional sell interest.Price is currently consolidating below minor resistance (blue line ~3348).📌 Trade Setup:🔻 Bias: Short/Sell💼 Entry: Below 3348 (confirmed rejection)🛑 Stop Loss: Above 3355🎯 Target Zone: 3320 and lower📉 RR: Strong potential for 1:3+⚠️ Note:This setup favors scalpers and intraday traders. Watch for confirmation (e.g., M5/M15 candle close below 3346). Avoid entering blindly — let the structure break and retest.💬 What's your take?Will Gold drop toward the 3320s or break through the resistance? Let's see how price reacts in the next 15 minutes!#Gold #XAUUSD #PriceAction #Scalping #IntradayTrading #SupplyAndDemand #LiquidityGrab #SmartMoney #ForexAnalysis #LiveChart #TradingSetup #BearishBias

🔍 Technical Breakdown:The current market structure on Gold (XAUUSD) is forming a rising wedge, which often signals a potential bearish reversal. Here's a breakdown of the setup:🔹 Price Action:We observe a clean ascending structure, with price respecting higher lows.Price is approaching a strong resistance zone marked around 3242-3246 (red box area), a key supply zone where sellers previously entered with force.🔹 Liquidity Grab Plan:Expecting a liquidity sweep or false breakout above the green resistance zone.A possible "fake out" wick may attract breakout buyers before the real reversal begins.🔹 Bearish Confirmation Zone:After liquidity is grabbed, if the price fails to sustain above 3242 and breaks below the mid-level support (blue line ~3230), it confirms bearish pressure.Ideal entry would be on the retest after the break of the structure.🎯 Trade Plan (Sell Bias):✅ Entry Zone: 3242 - 3246 (on liquidity grab)🎯 Target Zone: 3190 - 3185 (marked by the big green arrow)📛 Stop Loss: Just above 3246📈 Risk-Reward: High probability setup based on structure and rejection zone.⚠️ Note: Wait for confirmation! No need to jump in early. Always manage risk.💬 What’s your bias on Gold today? Do you think bulls can break through or will bears dominate again? Let's discuss in the comments!#XAUUSD #Gold #Forex #PriceAction #SupplyAndDemand #LiquidityHunt #ChartAnalysis #BearishSetup #SmartMoney #ForexSignals #TradingViewIdeas