Gold (XAU/USD) Price Analysis – 15-Minute Chart
This chart presents a bullish market structure with a clear Change of Character (CHoCH) followed by a Break of Structure (BOS), indicating a potential continuation to the upside.
Current Bias: Bullish
The market has broken out of a consolidation phase and formed a bullish BOS, showing signs of strength. The price is currently trading above the last BOS level, retesting the order block (highlighted in purple), which acts as a demand zone.
Key Levels:
Support / Entry Zone: Around 3332
Order Block (Demand Zone): ~3330–3340 region
Resistance Levels:
3,345.301 – Weak High
3,350.088 – Minor resistance
3,355.055 – Major resistance / Target level
Target: 3,355
The projection shows price moving in a bullish wave structure, aiming for Target 3355, which is a resistance zone.
Entry Idea:
Long entry initiated near 3332
Stop loss below the OB / demand zone
Target at 3355 for a risk-reward opportunity
This chart presents a bullish market structure with a clear Change of Character (CHoCH) followed by a Break of Structure (BOS), indicating a potential continuation to the upside.
Current Bias: Bullish
The market has broken out of a consolidation phase and formed a bullish BOS, showing signs of strength. The price is currently trading above the last BOS level, retesting the order block (highlighted in purple), which acts as a demand zone.
Key Levels:
Support / Entry Zone: Around 3332
Order Block (Demand Zone): ~3330–3340 region
Resistance Levels:
3,345.301 – Weak High
3,350.088 – Minor resistance
3,355.055 – Major resistance / Target level
Target: 3,355
The projection shows price moving in a bullish wave structure, aiming for Target 3355, which is a resistance zone.
Entry Idea:
Long entry initiated near 3332
Stop loss below the OB / demand zone
Target at 3355 for a risk-reward opportunity
Trade active
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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.