XAU/USD 15-Min Chart Analysis — Bearish Setup with Sell BiasXAU/USD SpotFX:XAUUSDBullTrendzXAUUSDMarket Structure The chart shows a short-term bearish trend on the 15-minute timeframe for XAU/USD. Price recently: Rejected strongly from the 4,542 resistance zone Failed to create a higher high Started forming lower highs and lower lows Broke downward momentum after consolidation This indicates sellers are gaining control. Trade Setup Overview Entry Zone Around 4,513 – 4,511 Stop Loss Near 4,542 Positioned above recent resistance and liquidity area Targets TP1: 4,500 Main Target: 4,467 The setup offers a favorable risk-to-reward ratio. Key Technical Observations 1. Resistance Rejection The blue resistance line near 4,542 acted as a strong supply zone multiple times. Price attempted to break higher but failed repeatedly.