📉 Gold (XAU/USD) - M15 Analysis
📊 Current Price: $2,983
📍 Market Structure: Bearish Pullback with Fair Value Gaps (FVG)
📉 Key Support Zones (Potential Buy Areas):
✅ $2,976 - $2,977 (First Demand Zone)
✅ $2,947 - $2,945 (Major Support)
✅ $2,935 - $2,945 (Strong Demand Zone)
📊 Key Technical Levels:
🔹 Fibonacci Retracement Levels:
38.2% - $2,995
50% - $2,992
61.8% - $2,990
78.6% - $2,986
🔹 Fair Value Gaps (FVG):
$2,980 - $2,985 (Upper FVG)
$2,947 - $2,945 (Lower FVG)
📈 Bullish Scenario: A bounce from $2,976 - $2,977 could push gold towards $2,990 - $3,000.
📉 Bearish Scenario: A break below $2,977 could trigger further downside towards $2,947 - $2,945.
📊 Trade Ideas:
✅ Buy: Look for bullish confirmation at $2,976 - $2,977, targeting $2,990+
✅ Sell Setup: A break below $2,977 could push gold towards $2,947 - $2,945
📅 Timeframe: 15-Minute Chart (M15)
📢 Risk Management: Use tight stop-loss and follow risk management rules.
#XAUUSD #Gold #GoldAnalysis #Trading #PriceAction #FVG #BOS #Fibonacci #Support #Resistance #XAUUSD
📊 Current Price: $2,983
📍 Market Structure: Bearish Pullback with Fair Value Gaps (FVG)
📉 Key Support Zones (Potential Buy Areas):
✅ $2,976 - $2,977 (First Demand Zone)
✅ $2,947 - $2,945 (Major Support)
✅ $2,935 - $2,945 (Strong Demand Zone)
📊 Key Technical Levels:
🔹 Fibonacci Retracement Levels:
38.2% - $2,995
50% - $2,992
61.8% - $2,990
78.6% - $2,986
🔹 Fair Value Gaps (FVG):
$2,980 - $2,985 (Upper FVG)
$2,947 - $2,945 (Lower FVG)
📈 Bullish Scenario: A bounce from $2,976 - $2,977 could push gold towards $2,990 - $3,000.
📉 Bearish Scenario: A break below $2,977 could trigger further downside towards $2,947 - $2,945.
📊 Trade Ideas:
✅ Buy: Look for bullish confirmation at $2,976 - $2,977, targeting $2,990+
✅ Sell Setup: A break below $2,977 could push gold towards $2,947 - $2,945
📅 Timeframe: 15-Minute Chart (M15)
📢 Risk Management: Use tight stop-loss and follow risk management rules.
#XAUUSD #Gold #GoldAnalysis #Trading #PriceAction #FVG #BOS #Fibonacci #Support #Resistance #XAUUSD
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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.