Gold – M15 Downtrend in Play | July 15 Analysis🔻 Gold (XAUUSD) – July 15 Analysis | Bearish Bias Until Proven Otherwise
The market has entered a pullback phase on H4, and we’re expecting a potential retest of the 3320 Order Block before any continuation of the broader uptrend resumes.
🔍 M15 Market Structure:
✅ ChoCH followed by BoS confirms a downtrend on M15
🎯 Current short-term objective: Retest of H4 OB (3320)
📍 Price Action Context:
Price is now revisiting the same M15 POI where yesterday’s short setup originated.
Last session, this POI was respected, but instead of creating a new Lower Low, price is trading inside the same zone again.
This signals indecision — so we let price reveal its intent
🧭 Trade Planning Scenarios:
Scenario 1 – Bearish Continuation:
→ If the POI is respected again with clear M1 confirmation ( Micro-ChoCH + BoS ), we will plan for a short setup toward 3320
Scenario 2 – POI Breaks:
→ If price breaks above this POI zone, the next key level to observe is the 3355–3359 supply zone
→ We’ll reassess from there based on new confirmation
📌 Bias for Today:
🔻 Bearish bias remains intact as long as M15 structure does not shift back to bullish.
All setups must align with structure — we are short-biased only until the market proves otherwise
📖 Structure before emotion. Let the market invite you — not the other way around.
📘 Shared by @ChartIsMirror
