SMART MONEY CONCEPT (SMC)

📉 Bearish Analysis – XAU/USD (15M)

Market Structure (SMC):
• Change of Character (ChoCh) and Break of Structure (BOS) confirming the shift from bullish to bearish.
• Fake out at resistance zone, trapping buyers before the drop.
• 15M Order Block and breakout support zone as key redistribution areas.
• Rejection on retest, signaling bearish continuation.
• Target: Mitigation of the 1H Fair Value Gap (FVG) and move into distribution zone.

Key Points:
• Rejection at the breakout zone validates the bearish momentum.
• Market structure and liquidity aligned for a downside move.
GOOD LUCH TRADERS ;)