GOLD BUY M15 Gold (XAU/USD) Trade Setup – 15-Min Chart (July 8, 2025)
Entry Zone: Price is currently consolidating in a marked demand zone, forming a potential bullish setup.
Support Level (SL): 3325 – This is the stop-loss level, placed just below the support zone to minimize risk.
Buy Zone: Price is expected to rise from the current level after breaking out of the consolidation box (purple zone).
Bullish Structure: Price is forming higher lows and appears to be preparing for a breakout to the upside.
Target: 3348 – This is the marked resistance level and take-profit target, just below the "Strong High" area.
Key Levels:
Support: 3325
Current Price: Around 3334
Resistance Zones: 3343, 3348
Summary:
A bullish move is anticipated from the current price level, with an entry near 3334 targeting 3348. Stop-loss is placed at 3325 to protect against downside risk. Break of the immediate resistance could trigger upward momentum toward the target.
Gold-long-profits
Gold can hit 2750 before continuing it's bearish reversal trend?Gold prices climbed further, driven by escalating Middle East geopolitical tensions and a Wall Street selloff boosting safe-haven demand.
China likely acquired over five tonnes of gold in Nov, according to the PBoC report.
Upcoming central bank decisions in Canada, the EU, Switzerland, and the Fed are expected to heighten gold price volatility as investors await key economic signals.
XAUUSD firmly broke above its sideways range, with higher swings and diverging bullish EMAs indicating its bullish momentum.
If XAUUSD surpasses the previous high at 2720, the price could rise toward its resistance at 2750 before a potential bearish reversal.
Conversely, if XAUUSD retraces, the price may dip to 2680 before continuing its uptrend.
1M liquidity found on 2720 and 1M+ liquidity found on 2750 so move is confirm