Gold (XAU/USD) Technical Analysis – 15-Minute Chart
Gold has reached a key supply zone around $2,920, where selling pressure may increase. The price has shown a strong recovery from recent lows and is now testing this resistance area. A rejection from this zone could trigger a pullback towards the target area near $2,901-$2,900, aligning with previous support.
However, a breakout above $2,925 with strong momentum could invalidate the supply zone and open the door for further upside. Traders should watch price action for confirmation before taking positions.
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Gold has reached a key supply zone around $2,920, where selling pressure may increase. The price has shown a strong recovery from recent lows and is now testing this resistance area. A rejection from this zone could trigger a pullback towards the target area near $2,901-$2,900, aligning with previous support.
However, a breakout above $2,925 with strong momentum could invalidate the supply zone and open the door for further upside. Traders should watch price action for confirmation before taking positions.
If you enjoy, press the like button.
Trade active
Note
Active your trades now 2919Trade closed: target reached
Congratulations guys, 200 pips+ profit booked.Note
1:2 Target Completed.
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💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.