Sober_Trading

XAUUSD - 15m Sell For Scalpers

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
This 15-minute chart of XAUUSD shows that the bullish momentum is diminishing as the price approaches a resistance zone marked in red.
The recent upward trajectory has lost strength near this key resistance level, indicating potential exhaustion among buyers.
Consequently, there is a notable possibility that Gold could retreat, retracing its steps back to the previous low. This anticipated downward movement could result in a decline of approximately 100 pips, aligning with the earlier support levels observed on the chart.

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