7 Dimension 1:8 RR Sell Idea for GOLD

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Core Analysis Method
Smart Money Concepts

😇 7 Dimension Analysis

Time Frame: 15 min

1: Swing Structure: Bearish with CHOCH after taking inducement. The impulsive swing move is finished and now moving towards the decisional OB as a pullback, about to mitigate the decisional POI OB at the initial point of the premier zone. We will take a sell entry using the classic SMC entry model. After the breakout, this is also a CIP area.

2: Pattern
🟢 CHART PATTERNS
Reversal: V-shape pattern indicating possible reversal from here and a rectangle pattern is also observed.
Shakeout.

🟢 CANDLE PATTERNS
Not any significant candle pattern observed except for a tower top.

3: Volume
🟢 A big difference is seen during the impulsive move and the correction move in terms of volume. No buy-side volume indicates another sharp sell move is expected.

4: Momentum RSI
🟢 Fully intact in the bearish zone, taking resistance at the 60 level, indicating another range shift. This impulsive move ended as loud moves, which is a very strong signal for a sell. Also, a Grandfather-Father-Son entry with H4 as GF.

5: Volatility Bollinger Bands
🟢 Very tight contraction just started, indicating a strong squeeze breakout and walking on the band. A headfake also took place right at the upper band, and a BB W pattern is observed.

6: Strength ADX
Right now, totally sideways.

7: Rating: ⭐⭐⭐ 50% Probity (because of the decisional OB entry)

✔️ Entry Time Frame: 15M
✅ Entry TF Structure: Bearish CHOCH
☑️ POI: Decisional OB
💡 Decision: Sell limit
🚀 Entry: 2419
✋ Stop loss: 2429.5
🎯 Take profit: 23.4
😊 Risk to reward Ratio: 1:8
🕛 Expected Duration: 1 day

SUMMARY: The analysis indicates a sell position based on Smart Money Concepts methodology, with structure, patterns, volume, momentum, volatility, strength, and sentiment all pointing towards a bearish move.
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