MGC1! 15M | Supply Zone Short — DailMicro Gold FuturesCOMEX_MINI:MGC1!ethynnowack131nl43cMGC1! — 15M Supply Zone Short | Confluent Macro Bias Price is currently trading at $4,357 and I'm watching a well-defined supply zone on the 15-minute chart between $4,370–$4,377.5 for a short entry. This level was formed by a sharp impulsive move away from the zone earlier in the session — the kind of aggressive departure that signals resting sell orders were hit. Price has since sold off and is now grinding back up toward that origin, giving us a potential mitigation entry. Why this zone is valid: Daily trend alignment — Gold on the daily is trading below both the 200 EMA and 50 EMA. That structural downtrend means any intraday rally back into supply is selling into the dominant bias, not fighting it. We are not looking for longs here. DXY confirmation — The Dollar Index is currently bullish on the daily, holding above its key EMAs. Gold and DXY move inversely. A strong dollar environment adds macro pressure on gold and validates the short bias from this supply zone. Geopolitical tailwind for bears — The US-Iran peace framework announced this week is actively removing the safe-haven premium that was built into gold over recent months. As geopolitical risk fades, so does one of gold's primary bullish catalysts. This is a headwind for any sustained recovery rally. Supply and demand logic — Limit orders placed within this zone are valid until price either trades through the level and closes above it on a 15-minute candle, or a high-impact news event forces an early exit. No hard time stop — supply and demand levels don't expire on a clock, they expire when the orders are either filled or invalidated by a structural break. Hold plan — Targeting a move back toward the session lows. Will manage through the Asia session and reassess at the London open. If price reaches the zone and shows a rejection candle with confirming volume, full position. If it blasts straight through $4,377.5 with momentum, the zone is invalidated and I'm out. Invalidation: Clean 15M candle close above $4,377.5. Not financial advice. Trade your own plan.