Trade Idea:XAUUSD Short ( SELL LIMIT )📉 Multi-Timeframe Breakdown
🔹 H4 Chart (Macro Bias)
• Trend Context: Price is still broadly in an uptrend on the H4, but it’s testing the 50 SMA from above.
• MACD: Bearish crossover below the signal line suggests waning bullish momentum.
• Volume: Slight uptick in bearish volume as price pulls back from the recent highs.
• Bias: Neutral to Bearish Short-Term (H4 trend remains up, but weakening).
🔹 M15 Chart (Setup Zone)
• Structure: A sharp selloff broke both the 20 SMA and 50 SMA.
• Momentum: RSI ~16, oversold—but that can persist in strong trends.
• Volume: Large spike on the breakdown candle = strong bearish interest.
• ATR: 7.97 = elevated volatility.
• Bias: Bearish momentum, potential pullback retest opportunity.
🔹 M3 Chart (Execution Focus)
• Price Action: Freefall with clean rejections at the 20 SMA.
• Volume Spike: Bears in control, RSI also confirms momentum exhaustion but no reversal confirmation yet.
• Bias: Bearish with potential for bounce/pullback retest entry.
⸻
✅ Primary Trade Setup
Type: 🟥 Sell Limit
Rationale: Let price retrace into resistance before fading it, using structure for confirmation.
Entry Zone: 3270–3276 area (prior support becomes resistance near 20 SMA on M15 and 50 SMA on M3).
Stop Loss: Above structure high → 3283
Take Profit: Next key support zone ~3245–3250 (measured move + demand zone on M15/M3).
📌 Sell Limit Order
• Sell Limit @ 3273
• SL @ 3283
• TP @ 3248
FUSIONMARKETS:XAUUSD
