GOLD / USD – 15M Technical Analysis
Bearish Setup – Trendline Rejection
Gold is currently trading around 4,329.54, approaching a major confluence resistance formed by the descending trendline + horizontal resistance at 4,371.
The 15-minute structure remains bearish, with a sequence of Lower Highs and Lower Lows.
📍 Key Resistance
4,350–4,371
This is the critical sell zone. A rejection from this area, particularly near the descending trendline, would strengthen the bearish continuation setup.
Major invalidation:
A confirmed 15M/1H close above 4,371, followed by a successful retest, would weaken the bearish structure.
🎯 Bearish Targets
Entry Zone: 4,350–4,370
TP1: 4,250
TP2: 4,200
TP3: 4,150 if bearish momentum accelerates.
The first target at 4,250 is particularly important because it coincides with the visible horizontal support and previous swing-low area.
🛑 Stop Loss
For a short taken around 4,350, a logical invalidation level is above 4,371–4,380, rather than placing the stop exactly at 4,371, because a brief liquidity sweep above resistance can occur before the actual move lower.
📊 Trade Structure
SHORT: 4,350–4,370
SL: 4,380+
TP1: 4,250
TP2: 4,200
TP3: 4,150
From 4,350 → 4,250, the potential move is approximately 100 points, giving attractive risk/reward if the stop is kept appropriately above the resistance zone.
🔑 Confirmation
The cleanest confirmation would be:
Resistance test → bearish rejection → break of the latest 15M swing low → continuation toward 4,250.
Conversely, a strong breakout and acceptance above 4,371 would invalidate the immediate short setup and could open the way toward the next resistance levels.
TradingView Summary:
Bearish below 4,371. Sell the retest/rejection of 4,350–4,370. Initial target 4,250. A sustained breakout above 4,371 invalidates the bearish setup.
TITradingView Ideas16 Sept