Entry Price: 5033.50
••• Symbol: XAUUSDT

XAUUSDT
Perp
4,458.85
-0.85%
••• Logic: Price has reached a local peak at 5044.78 and is currently printing a bearish engulfing candle on the 15m timeframe. The price is deviating back below the previous resistance cluster while the MA7 is beginning to curl downward. Volume shows a recent spike on the rejection from the highs suggesting distribution.
••• Action: SELL – Intraday
••• Pattern Detected: Bearish Engulfing and Mean Reversion
••• Stop Loss Price: 5046.50
••• Stop Loss Points: 13.00
••• 90% + Confidence TP: 5014.00
••• 80% + Confidence TP: 5007.50
••• 70% + Confidence TP: 4994.50
••• TP Total Points: 19.50
••• Signal Confidence: 82%
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