XAU/USD (Gold) – Intraday Analysis (15M)GoldOANDA:XAUUSDTRADE_WITH_CHARLIEPrice was moving inside a rising channel (bullish structure). Recently, price broke below the channel support, signaling a shift in momentum from bullish → bearish. Current move looks like a pullback/retest toward the broken structure. Key Zones Resistance / Supply: 4490 – 4555 Entry Zone: ~4490 area (retest region) Target Zone: ~4275 Invalidation (SL): Above 4555 Trade Idea: Bearish Continuation The setup shows a classic breakout + retest (SMC style). After breaking the ascending channel, price is now pulling back into imbalance / supply. Expectation: sellers step in → continuation downward. Scenario Breakdown Primary (High Probability): Price retests 4490–4520 Weak bullish momentum / rejection Then continuation toward 4275 Alternative: If price breaks and holds above 4555, bearish idea invalid → possible continuation back into bullish structure. Smart Money Insight Break of structure = liquidity shift Current pullback = liquidity grab + mitigation Target = sell-side liquidity below recent lows Tips Wait for confirmation (rejection candle / lower high) before entry Avoid entering mid-move (risk of fakeout) Manage risk — RR looks strong (~1:3+)