Smart money Concept (SMC)GoldCAPITALCOM:GOLDFonseca87Bearish Analysis Breakdown – XAU/USD (15M) 🧠 Market Structure The overall structure remains bearish, showing lower highs and lower lows. You correctly identified a Consolidation Zone where the market accumulated orders before executing a Break of Structure (BOS) to the downside — a strong signal of institutional intent. After the breakout, the price forms a Change of Character (CHOCH) followed by a Fake Out and Rejection inside the 5M Order Block (OB-5M). This confirms that institutions are mitigating previous positions and preparing for a continuation toward the Sell-Side Liquidity zone. 🧩 Confluences •Resistance Zone: Price reacted perfectly at this level after the mitigation of the OB. •BOS + CHOCH + Fake Out: These three elements combine to confirm bearish control. •Institutional Intent: The market is targeting the LL (Last Low) at 3,887, where liquidity is resting. 🎯 Trade Plan •Sell Entry: 3,964 •Stop Loss: 3,989 •Take Profit: 3,887 •Risk/Reward Ratio: 1:3 The trade setup is perfectly aligned with the continuation of the bearish leg, following institutional structure and liquidity flow. 💬 Conclusion This is a professional-level bearish setup, showing precise understanding of Smart Money Concepts and multi-timeframe structure. Good luck traders… ✌🏻😉 “Patience in following structure leads to precision.”