CFDs on Gold (US$ / OZ)
Long
Updated

GOLD BUY M15

94
Gold (XAU/USD) 15-Minute Chart Analysis

Analysis Type: Bullish Reversal Setup
Date: July 17, 2025
Timeframe: 15-Minute Chart (TVC: Gold)


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Key Levels:

Entry Zone (Demand Zone): Around 3320 – 3315

Stop Loss (SL): 3314

Target (TP): 3338

Important Resistance Levels:

3327.67

3332.16

Final Target at 3338.30




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Market Structure:

Break of Structure (BOS): Identified around the 3324 level showing previous lows being taken.

Change of Character (CHoCH): Signals potential reversal from bearish to bullish trend.

Demand Zone: Highlighted in purple, where price is expected to reverse and bounce upward.



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Trade Plan:

Price is currently within a strong demand zone, suggesting a potential bullish reversal.

The idea is to enter long (buy) near the 3320–3315 zone, with a tight stop-loss at 3314 to minimize risk.

If the reversal plays out, price is expected to push up towards the first resistance at 3327.67, continue to 3332.16, and potentially hit the target of 3338.



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Conclusion:

This setup offers a favorable risk-to-reward ratio, anticipating a bounce from the demand zone with confluences like BOS and CHoCH supporting the bullish bias. It’s a scalp to intraday long trade idea targeting a retracement or reversal.
Trade active

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