$XAU
trading Scenario 🎯 Possible Trade Setups (Futures)
🔻 Short Setup (Safer Right Now)
If price stays below 5,030:
Entry: 5,020 – 5,030
Take Profit 1: 5,000
Take Profit 2: 4,985
Stop Loss: 5,050
👉 Reason: Rejection from MA zone + momentum shifting bearish.
🔺 Long Setup (Only If Breakout Happens)
If price closes strongly above 5,045:
Entry: 5,050 breakout
Take Profit: 5,080 – 5,100
Stop Loss: 5,020
👉 Reason: Continuation of bullish trend.📌 Key Levels
🟢 Support Zones:
5,000 – 4,995 (psychological + structure support)
4,966 (major 24H support)
🔴 Resistance Zones:
5,030 – 5,035 (MA resistance)
5,044 (recent high / breakout level)🔎 Technical Overview (15m)
📈 Moving Averages
MA(7): 5,031
MA(25): 5,026
MA(99): 5,004
👉 Price is currently below MA7 & MA25, but still above MA99.
This suggests short-term bearish pullback inside a broader intraday uptrend.
🧠 Market Structure
Strong push from 4,985 → 5,044
Now forming lower highs
Recent candles show selling pressure increasing
Volume on red candles slightly rising → sellers stepping in
This looks like a short-term correction phase after a bullish impulse.