📊XAU/USD Price Action Update – May 1, 2025
🔹Current Price: 3,228.13
🔹Timeframe: 15M
📌Key Supply Zones (Resistance):
🔴3,245.79 – Strong Intraday Supply Zone
🔴3,267.13 – Higher Timeframe Supply (major rejection zone)
📈Bearish Outlook:
Gold is trading aggressively bearish after multiple rejections from supply zones. Price has consistently formed lower highs, and unless 3,245 is broken with momentum, downside continuation is likely. Eyes on lower support zones for potential bounce.
📉Breakdown Bias:
Clean structure break below recent lows confirms bearish control. As long as price stays below 3,245, bearish entries remain favorable on pullbacks into supply.
⚡Trade Setup Tip:
✅Look for short entries on lower timeframe pullbacks
✅Avoid chasing; wait for price to return to key zones
✅Use lower highs or engulfing candles for confirmation
#XAUUSD #GoldAnalysis #SmartMoneyConcepts #PriceAction #IntradayTrading #SupplyAndDemand #FXFOREVER #GoldUpdate #BreakOfStructure #BearishBias
🔹Current Price: 3,228.13
🔹Timeframe: 15M
📌Key Supply Zones (Resistance):
🔴3,245.79 – Strong Intraday Supply Zone
🔴3,267.13 – Higher Timeframe Supply (major rejection zone)
📈Bearish Outlook:
Gold is trading aggressively bearish after multiple rejections from supply zones. Price has consistently formed lower highs, and unless 3,245 is broken with momentum, downside continuation is likely. Eyes on lower support zones for potential bounce.
📉Breakdown Bias:
Clean structure break below recent lows confirms bearish control. As long as price stays below 3,245, bearish entries remain favorable on pullbacks into supply.
⚡Trade Setup Tip:
✅Look for short entries on lower timeframe pullbacks
✅Avoid chasing; wait for price to return to key zones
✅Use lower highs or engulfing candles for confirmation
#XAUUSD #GoldAnalysis #SmartMoneyConcepts #PriceAction #IntradayTrading #SupplyAndDemand #FXFOREVER #GoldUpdate #BreakOfStructure #BearishBias
fxforever
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.
fxforever
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.