📌 XAUUSD Market Outlook | 15 Minute Time Frame
Presented by: MoneyMoves365
🟡 Overview of Gold:
XAUUSD (Gold) has been experiencing a strong bullish trend lately and this has been driven by ongoing global uncertainty coupled with changes in interest rate expectations. The price passed through previous supply boundaries and formed new demand levels which the buyers drove prices up. However, we are now entering a major decisive zone.
📈 Trade Plan Details:
At the moment, price is stalled right under an important supply zone at the 3135-3140 level. The two possible scenarios going forward are:
Breakout and Continuation:
If we witness a clean breakout and retest above the supply zone, then we expect bullish continuation toward the next supply zone at around 3165-3170.
Rejection and Drop:
If there is no higher break or a fakeout occurs, then a drop to the lower demand region close to 3090 would be expected.
Presented by: MoneyMoves365
🟡 Overview of Gold:
XAUUSD (Gold) has been experiencing a strong bullish trend lately and this has been driven by ongoing global uncertainty coupled with changes in interest rate expectations. The price passed through previous supply boundaries and formed new demand levels which the buyers drove prices up. However, we are now entering a major decisive zone.
📈 Trade Plan Details:
At the moment, price is stalled right under an important supply zone at the 3135-3140 level. The two possible scenarios going forward are:
Breakout and Continuation:
If we witness a clean breakout and retest above the supply zone, then we expect bullish continuation toward the next supply zone at around 3165-3170.
Rejection and Drop:
If there is no higher break or a fakeout occurs, then a drop to the lower demand region close to 3090 would be expected.
Trade active
selling with small target, will consider buying from 3095-92
Note
out from this trade now it will buy
Trade closed: target reached
could consider buy here, targeting 3117, will increase target if it goes with more momentum
Note
amazing entry, now holding and targeting 3125
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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.
get free signals here, check accuracy yourself.
join IB for free VIP
t.me/+t1LhbJuh1k1jZjc0
join IB for free VIP
t.me/+t1LhbJuh1k1jZjc0
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.