🔹Gold (XAU/USD) 15-Minute Chart Analysis
- The chart highlights a supply zone around the 2,914 level, where price previously faced strong selling pressure.
- Gold has broken below this zone, indicating a potential bearish continuation.
- A retest of the supply zone is expected before further downside movement.
- The projected path suggests a move lower towards new support levels, likely around 2,890 or below.
- If price fails to reclaim the supply zone, sellers may maintain control.
▪️Conclusion:
Gold appears to be in a short-term downtrend, with potential selling opportunities near the supply zone before further declines.
- The chart highlights a supply zone around the 2,914 level, where price previously faced strong selling pressure.
- Gold has broken below this zone, indicating a potential bearish continuation.
- A retest of the supply zone is expected before further downside movement.
- The projected path suggests a move lower towards new support levels, likely around 2,890 or below.
- If price fails to reclaim the supply zone, sellers may maintain control.
▪️Conclusion:
Gold appears to be in a short-term downtrend, with potential selling opportunities near the supply zone before further declines.
Trade active
Trade activated from supply zone.Note
Congratulations to guys, trade running 100 pips+ profits.Trade closed: target reached
Congratulations to gold sellers 200 pips target achieved, Enjoy your profit, now.
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🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
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t.me/+Dsyl8z6KZao3ZDU8
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Related publications
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.