🟨 XAU/USD Technical Analysis – April 17, 2025
Timeframe: Intraday (M15/H1)
🔍 Overview:
The gold shows a bullish structure overall, with price currently in a corrective phase. Two key demand zones are marked, which align with prior structure and order block formations. The projection shows two potential bullish scenarios — both suggesting high reward-to-risk trades.
🔹 Key Zones to Watch:
First Buy Zone: 3311–3315 (Upper Grey Box)
Reason: Previous demand zone + minor structure support + potential higher low.
Buy Signal: Look for bullish engulfing or break of descending trendline from current correction.
Target: 3354
Stop Loss: Below 3304
Second Buy Zone: 3292–3296 (Lower Grey Box)
Reason: Stronger support from previous consolidation + demand zone.
Buy Signal: Reversal candlestick (e.g., pin bar / engulfing) or divergence on RSI/MACD.
Target: 3354
Stop Loss: Below 3285
🔔 Note for Confirmation:
If price reverses before entering the first zone, wait for a break of structure (BoS) above 3328 to confirm bullish momentum.
If price drops to second zone, wait for a reversal signal (e.g., hammer, morning star) before buying.
Avoid FOMO entries; let price confirm demand reaction.
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Timeframe: Intraday (M15/H1)
🔍 Overview:
The gold shows a bullish structure overall, with price currently in a corrective phase. Two key demand zones are marked, which align with prior structure and order block formations. The projection shows two potential bullish scenarios — both suggesting high reward-to-risk trades.
🔹 Key Zones to Watch:
First Buy Zone: 3311–3315 (Upper Grey Box)
Reason: Previous demand zone + minor structure support + potential higher low.
Buy Signal: Look for bullish engulfing or break of descending trendline from current correction.
Target: 3354
Stop Loss: Below 3304
Second Buy Zone: 3292–3296 (Lower Grey Box)
Reason: Stronger support from previous consolidation + demand zone.
Buy Signal: Reversal candlestick (e.g., pin bar / engulfing) or divergence on RSI/MACD.
Target: 3354
Stop Loss: Below 3285
🔔 Note for Confirmation:
If price reverses before entering the first zone, wait for a break of structure (BoS) above 3328 to confirm bullish momentum.
If price drops to second zone, wait for a reversal signal (e.g., hammer, morning star) before buying.
Avoid FOMO entries; let price confirm demand reaction.
Hit follow, like and comment.
Trade active
What a perfect entry from 3315 to 3342.
Up almost 300 pips 🔥
Trade closed: target reached
If you stretched your stop loss below 3285, then you have secured 280 pips again.
Enjoy
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✅Free Telegram
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
Related publications
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.