📉 Gold ($XAU /USD) Bearish Setup: Order Block (OB) + FVG Rejection!
Gold is showing a clear bearish reversal structure on the 5-minute timeframe. Price has reached a premium supply zone, confirming a Change of Character (CHOCH), followed by a retest of the Order Block (OB) and Fair Value Gap (FVG).
This is a high-probability short setup as momentum shifts to the downside.
🔻 Short Trade Details:
Entry Zone: CMP
Stop Loss (SL): $4,822.20 (Above the OB)
Risk Management: Use appropriate position sizing for Gold's volatility.
🎯 Take Profit (TP) Targets:
TP1: $4,809.80
TP2: $4,802.36
TP3: $4,793.19
Insight: The rejection at the Order Block (OB) combined with the FVG confluence acts as strong resistance. We are looking for a clean break below the recent swing low. Secure partial profits at TP1 and adjust Stop Loss to Breakeven.
Are you short on Gold or looking for a reversal? Share your analysis below! 👇
TRADE $XAU HERE👇
