📉 Gold (XAU/USD) - 15M Market Outlook
🔹 Current Price: $2,937
🔹 Market Structure: Price testing key retracement levels after a strong bullish move.
📍 Key Levels to Watch:
🟢 Support Zones:
✅ $2,932 - $2,925 (Potential Buy Zone)
✅ $2,910 - $2,906 (Strong Demand Area)
🔻 Resistance Zones:
🚀 $2,946 - $2,953 (Next Target if Bulls Gain Control)
📈 Bullish Scenario:
🔸 A bounce from the Fibonacci retracement zones could push gold towards $2,946 - $2,953.
📉 Bearish Scenario:
🔸 A break below $2,925 may trigger a deeper pullback towards $2,910 - $2,906.
💡 Trading Plan:
🎯 Buy Setup: Look for bullish confirmation at key demand zones.
🎯 Sell Setup: A break of $2,925 may signal further downside.
🎯 Risk Management: Use stop-losses below support zones.
#GoldTrading #XAUUSD #Forex #TechnicalAnalysis #FXFOREVER 🚀
🔹 Current Price: $2,937
🔹 Market Structure: Price testing key retracement levels after a strong bullish move.
📍 Key Levels to Watch:
🟢 Support Zones:
✅ $2,932 - $2,925 (Potential Buy Zone)
✅ $2,910 - $2,906 (Strong Demand Area)
🔻 Resistance Zones:
🚀 $2,946 - $2,953 (Next Target if Bulls Gain Control)
📈 Bullish Scenario:
🔸 A bounce from the Fibonacci retracement zones could push gold towards $2,946 - $2,953.
📉 Bearish Scenario:
🔸 A break below $2,925 may trigger a deeper pullback towards $2,910 - $2,906.
💡 Trading Plan:
🎯 Buy Setup: Look for bullish confirmation at key demand zones.
🎯 Sell Setup: A break of $2,925 may signal further downside.
🎯 Risk Management: Use stop-losses below support zones.
#GoldTrading #XAUUSD #Forex #TechnicalAnalysis #FXFOREVER 🚀
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.