The trading analysis chart for XAU/USD (Gold vs. USD) on a 15-minute timeframe. It highlights a ranging zone, indicating a period of market consolidation where the price is moving sideways without a clear trend.
Scenario 1: Bullish Breakout (Long Position)
If the price breaks above the ranging zone and confirms the breakout, traders will look for long (buy) positions.
The price is expected to move towards Take Profit (TP) levels at 2,911.51 (TP1), 2,920.21 (TP2), and 2,926.83 (Final Target).
Scenario 2: Bearish Breakdown (Short Position)
If the price breaks below the ranging zone and confirms the breakout, traders will look for short (sell) positions.
The price is expected to decline towards Take Profit (TP) levels at 2,888.67 (TP1), 2,881.55 (TP2), and 2,875.03 (Final Target).
The chart helps traders plan their strategy based on a breakout in either direction.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.