Signal XAUUSD Sell — M15 - July 16, 2026 01:51 GMT-4
Signal closed at take profit
On the M15 chart XAUUSD has been carving a descending channel since the 4095 peak, with each successive high falling below the prior swing high. The last three candles closed lower, breaking the 4035‑4036 minor support zone on modest volume, indicating that sellers are absorbing the buying pressure. Volume spikes on the down‑moves (e.g., the 5,952‑volume candle at 4092‑4076) contrast with thin volume on the brief rallies, confirming the bearish momentum. The 4015‑4018 area now acts as the next major support, while the 4060‑4065 region is a clear resistance that has been tested twice and held. A sell entry just…