Gold (XAUUSD) - 15-Minute Chart Analysis
This is a bearish short-term setup for Gold based on price action and key market structure levels.
Analysis Summary:
Entry Zone: Price has reached a supply zone around 3340, which is expected to act as a resistance.
Stop Loss (SL): Positioned at 3348, just above the supply zone to account for potential false breakouts.
Target (TP): The downside target is set at 3325, where previous support and volume interest converge.
Key Technical Levels:
Supply Zone: 3340 – 3348 (Red zone)
Resistance: 3340
Intermediate Support:
3335
3330
Final Target Zone: 3325
Structure Breakdown:
EQH (Equal Highs): Suggests a liquidity grab above recent highs.
BOS (Break of Structure): Indicates a shift from bullish to bearish structure.
CHoCH (Change of Character): Confirms potential trend reversal.
The expected price movement is a rejection from the supply zone, followed by lower highs and lower lows targeting 3325.
Trade Idea:
Sell around: 3340
Stop Loss: 3348
Target: 3325
This is a bearish short-term setup for Gold based on price action and key market structure levels.
Analysis Summary:
Entry Zone: Price has reached a supply zone around 3340, which is expected to act as a resistance.
Stop Loss (SL): Positioned at 3348, just above the supply zone to account for potential false breakouts.
Target (TP): The downside target is set at 3325, where previous support and volume interest converge.
Key Technical Levels:
Supply Zone: 3340 – 3348 (Red zone)
Resistance: 3340
Intermediate Support:
3335
3330
Final Target Zone: 3325
Structure Breakdown:
EQH (Equal Highs): Suggests a liquidity grab above recent highs.
BOS (Break of Structure): Indicates a shift from bullish to bearish structure.
CHoCH (Change of Character): Confirms potential trend reversal.
The expected price movement is a rejection from the supply zone, followed by lower highs and lower lows targeting 3325.
Trade Idea:
Sell around: 3340
Stop Loss: 3348
Target: 3325
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.
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.