Gold (XAU/USD) Short Setup – Key Resistance in Play!

🔎 Gold (XAU/USD) Short Setup – Key Resistance in Play! 📉

Price: $2,882.08 (-1.54%)
Timeframe: 15-Minute
Analysis: Gold has been in a strong downtrend and is now retesting a critical supply zone (red zone). With a clear rejection from this resistance and a descending trendline, further downside potential is in play.

📍 Key Insights:
✔ Downtrend Continuation: Price is forming lower highs, confirming the bearish trend.
✔ Major Resistance Zone: Strong supply is present around $2,900, increasing the probability of rejection.
✔ Trade Setup: A potential short opportunity arises if the price fails to break the resistance. The next key target zone is around $2,838.

📉 Expected Movement: If price rejects this zone, we could see further selling pressure.

🛑 Stop Loss: Above $2,900
🎯 Target: $2,838 zone

Are you ready for this move? 📊🚀 Drop your thoughts in the comments!