📌 Title:
GOLD | Supply & Demand Zones + Structure Break Analysis
📝 Description:
This chart showcases a price action-based analysis of XAUUSD (Gold) on the 15-minute timeframe.
Key highlights:
Clear Supply & Demand Zones are marked using recent price reactions and consolidation areas.
Price Structure Breaks confirm bearish control as multiple lower highs and lower lows are forming.
The price is currently reacting between two demand zones; potential for bounce or breakdown.
A strong supply area is observed around 3398–3405, which caused sharp rejections.
Watch how price behaves around 3370 zone, a key demand area which has held previously.
🔔 Trading Plan:
If price retests the upper supply zone and shows weakness (e.g., wick rejections, bearish engulfing), it may offer a short opportunity.
If price breaks below the current demand zone at 3370 with volume, expect further downside.
Bullish bias only above 3405 zone with strong candle close.
📈 Tools used:
Manual Supply & Demand Marking
Pure Price Action
Structure Break Confirmation
GOLD | Supply & Demand Zones + Structure Break Analysis
📝 Description:
This chart showcases a price action-based analysis of XAUUSD (Gold) on the 15-minute timeframe.
Key highlights:
Clear Supply & Demand Zones are marked using recent price reactions and consolidation areas.
Price Structure Breaks confirm bearish control as multiple lower highs and lower lows are forming.
The price is currently reacting between two demand zones; potential for bounce or breakdown.
A strong supply area is observed around 3398–3405, which caused sharp rejections.
Watch how price behaves around 3370 zone, a key demand area which has held previously.
🔔 Trading Plan:
If price retests the upper supply zone and shows weakness (e.g., wick rejections, bearish engulfing), it may offer a short opportunity.
If price breaks below the current demand zone at 3370 with volume, expect further downside.
Bullish bias only above 3405 zone with strong candle close.
📈 Tools used:
Manual Supply & Demand Marking
Pure Price Action
Structure Break Confirmation
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.