📊XAU/USD Price Action Update – May 9, 2025
🔹Current Price: 3,323.27
🔹Timeframe: 15M
📌Key Demand Zones (Support):
🟢3297.82–3306.95 – Short-term bullish demand zone
🟢3269.60–3277.58 – Previous accumulation block
🟢3222.9–3226 – Higher Timeframe Demand (major reaction zone)
📉Bearish Scenario:
Price recently rejected from upper supply and is now hovering just above intraday support. A clean break below 3297 zone could trigger further downside into 3269 or even 3222. Watch lower timeframe BOS for short setups.
📈Bullish Scenario:
If price finds support above 3306, a potential bounce could push back toward 3330–3345 short-term. Confirmation required on 5M/15M for re-entry.
⚠️Strategy Note:
✅Wait for reaction from green zones
✅Use BOS or engulfing for confirmation
✅Tight SL below structure; TP depends on momentum
#XAUUSD #SmartMoneyConcepts #PriceAction #SupplyAndDemand #GoldScalping #BreakOfStructure #FXFOREVER #ForexAnalysis #IntradayGold #DemandZone
🔹Current Price: 3,323.27
🔹Timeframe: 15M
📌Key Demand Zones (Support):
🟢3297.82–3306.95 – Short-term bullish demand zone
🟢3269.60–3277.58 – Previous accumulation block
🟢3222.9–3226 – Higher Timeframe Demand (major reaction zone)
📉Bearish Scenario:
Price recently rejected from upper supply and is now hovering just above intraday support. A clean break below 3297 zone could trigger further downside into 3269 or even 3222. Watch lower timeframe BOS for short setups.
📈Bullish Scenario:
If price finds support above 3306, a potential bounce could push back toward 3330–3345 short-term. Confirmation required on 5M/15M for re-entry.
⚠️Strategy Note:
✅Wait for reaction from green zones
✅Use BOS or engulfing for confirmation
✅Tight SL below structure; TP depends on momentum
#XAUUSD #SmartMoneyConcepts #PriceAction #SupplyAndDemand #GoldScalping #BreakOfStructure #FXFOREVER #ForexAnalysis #IntradayGold #DemandZone
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.