Gold Spot / U.S. Dollar
Short
Updated

XAU/USD Technical Analysis – 15-Minute Chart (May 28, 2025)

160
Chart Summary
Current Price: ~$3,312.50

Short-term Pattern: Bearish rejection forming a potential downward wave

Key Resistance: ~$3,400 (longer time frame resistance)

Supply Zone: ~$3,230–$3,250

Target Zone: Around $3,288 initially, potentially extended to the supply zone

Analysis
Short Time Frame Rejection: Price attempted to rally but faced strong rejection, forming a lower high. This suggests that bearish pressure is building up.

Bearish Setup: A descending move from the rejection zone aligns with a possible ABC corrective pattern or flag breakdown.

Volume Profile: Higher selling volume near the top hints at distribution.

Trade Plan – Sell Setup
Criteria Details
Entry $3,312–$3,315 (current price area)
Stop Loss Above recent high ~$3,325
Target 1 $3,288
Target 2 $3,240 (supply zone low)
Risk/Reward Approx. 1:2+ depending on exit

Trade Management
If price breaks below $3,288 with momentum, trail stop to breakeven.

Watch for a bounce near $3,250–$3,240 supply zone and reduce position size accordingly.

Avoid new sells if price breaks above $3,325 convincingly, as that may invalidate the setup.

put your valuable comments and support the setup thanks.
Trade active
active fast entry from 3316 sell
Note
100+pips running in profits
Note
set breakeven and be risk free
Note
250+ pips booked as market touched 3289
Trade closed: target reached
Profit booked almost last target achieved 🎯🎯💯

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