XAU/AUD Trade Setup – Order Block Rejection Play

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XAU/AUD Trade Setup – Order Block Rejection PlayGold/AUDOANDA:XAUAUDfinest277🟡 XAU/AUD Trade Setup – Order Block Rejection Play Pair: XAU/AUD Direction: Sell Type: Pullback to Order Block → Continuation Down Timeframe:15min 🔍 Analysis: After a confirmed Break of Structure (BOS) to the downside, price is currently pulling back. I'm anticipating a bullish retracement toward a key bearish order block zone at 5,192.33. This level aligns with a previous support-turned-resistance zone, and I expect sellers to re-enter the market here. 📌 Trade Plan: Entry: Sell from 5,192.33 (Order Block) Stop Loss: Above the OB at 5,202.73 Target: 5,139.58 (Clean liquidity level) RRR: ~1:5 ✅ Confluences: BOS to the downside confirms bearish bias Price retracing to unmitigated order block Minor imbalance fill around entry zone Liquidity below 5,139.58 Expecting rejection and continuation move 📉 Execution: Waiting for bearish confirmation (e.g., engulfing candle or LTF structure shift) before entry. 📅 Trade shared on: July 23, 2025