XAUUSD 15MGoldOANDA:XAUUSDAlpha_Gold_TraderThe chart you've shared is a 15-minute timeframe for CFDs on Gold (XAU/USD), and it outlines a bearish trade setup. Here's a breakdown of the key components and what it suggests: --- Chart Analysis Summary: ✅ ENTRY POINT: The price enters the Register Level Zone (marked in light red), which likely represents a resistance zone or supply area. The idea is to sell (short) from this zone after observing signs of rejection or weakness. 🟧 REGISTER LEVEL ZONE: This zone indicates a price level where sellers are expected to be active. Repeated rejections from this area suggest strong resistance. 🎯 TARGET TP (Take Profit): The first target is marked just below the 3,295.000 level. This is likely a support level or previous demand zone. ⬇️ NEXT TARGET: Indicated by a purple arrow further down around the 3,287.500 zone. This could be a secondary support level, anticipating more downside if the first target breaks. --- Trade Logic: 1. Price rejects the resistance zone (Register Level Zone). 2. A short position is entered near the upper boundary (~3,315.000). 3. Initial target is around 3,295.000 (TP). 4. If bearish momentum continues, next target is ~3,287.500. --- ⚠️ Considerations: Ensure proper risk management (e.g., stop loss above resistance zone). Confirm entry with a candle pattern or volume confirmation. Watch how price behaves at the first TP—momentum is key for the next target. Would you like help backtesting this setup, calculating risk/reward, or generating a trading plan based on it?