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
🧠 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
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.