Gold (XAUUSD) 15-Minute Analysis: Break Below 4695 Targets 4660
Analysis
On the 15-minute timeframe, gold is trading within a consolidation range with a clear bearish pressure building underneath. The price has struggled to maintain bullish continuation, and lower highs indicate weakening demand.
The 4695 level is positioned as a key trigger zone. A sell from this area aligns with the current structure, targeting a move toward lower liquidity zones near 4660. The setup reflects a continuation move rather than a reversal, driven by intraday bearish momentum.
Trade Setup
Sell Setup:
- Entry: 4695
- Stop-Loss (SL): 4740
- Take Profit (TP): 4660
Description
Short from 4695 targeting 4660 as bearish pressure builds on the 15M chart.