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XAUUSD SELL NOW TARGET 2748

212
Gold (XAUUSD) Price Analysis – Potential Reversal Opportunity

On the 15-minute timeframe, XAUUSD shows significant rejection from the resistance zone around 2,780.058, forming a bearish structure. A pullback to the highlighted supply zone (yellow area) near 2,772.115 is evident.

Key Observations:

Supply Zone: Price previously reacted strongly to the 2,772.115 level, creating a potential reversal point.
Bearish Target: If price breaks below the current level, we anticipate a drop toward the key support zone near 2,748.226 (marked in green). This aligns with previous demand levels.
Risk-Reward Setup: A short trade setup is illustrated with a stop-loss above the supply zone (2,780.058) and the first target at 2,748.226, providing a favorable risk-to-reward ratio.
If price breaches the supply zone, the bearish scenario may become invalid. However, a confirmed rejection could lead to further downside momentum.
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