📊XAU/USD Price Action Update – May 2, 2025
🔹Current Price: 3,256.19
🔹Timeframe: 15M
📌Key Supply Zone (Resistance):
🔴3266.8–3272.7 – Major Intraday Supply Zone (expect potential rejection)
📌Key Demand Zones (Support):
🟢3249–3252 – Minor Reaction Zone (watch for quick scalps)
🟢3242.7–3244.5 – Clean Rally Base Rally (intraday long setup zone)
🟢3227.73–3231.70 – Higher Probability Demand (stronger bounce expected)
📈Bullish Outlook:
Gold has tapped into the supply zone and pulled back. If it holds above 3249, we may see a reattempt toward 3266+. A strong bullish candle from any of the green zones could trigger a continuation rally.
📉Bearish Outlook:
If the price breaks below 3242, it could fall into deeper demand around 3231. Watch for bearish engulfing candles or BOS from supply for short setups.
⚡Trade Setup Tip:
✅Look for entry confirmations at 3242.7 or 3227 zones
✅Target highs near 3266 with partial exits along the way
✅Use clean SL placements below demand wicks for control
#XAUUSD #GoldTrading #PriceAction #SmartMoneyConcepts #SupplyAndDemand #BreakOfStructure #ForexTrading #FXFOREVER #IntradayUpdate #GoldScalping
🔹Current Price: 3,256.19
🔹Timeframe: 15M
📌Key Supply Zone (Resistance):
🔴3266.8–3272.7 – Major Intraday Supply Zone (expect potential rejection)
📌Key Demand Zones (Support):
🟢3249–3252 – Minor Reaction Zone (watch for quick scalps)
🟢3242.7–3244.5 – Clean Rally Base Rally (intraday long setup zone)
🟢3227.73–3231.70 – Higher Probability Demand (stronger bounce expected)
📈Bullish Outlook:
Gold has tapped into the supply zone and pulled back. If it holds above 3249, we may see a reattempt toward 3266+. A strong bullish candle from any of the green zones could trigger a continuation rally.
📉Bearish Outlook:
If the price breaks below 3242, it could fall into deeper demand around 3231. Watch for bearish engulfing candles or BOS from supply for short setups.
⚡Trade Setup Tip:
✅Look for entry confirmations at 3242.7 or 3227 zones
✅Target highs near 3266 with partial exits along the way
✅Use clean SL placements below demand wicks for control
#XAUUSD #GoldTrading #PriceAction #SmartMoneyConcepts #SupplyAndDemand #BreakOfStructure #ForexTrading #FXFOREVER #IntradayUpdate #GoldScalping
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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.