This is a 15-minute chart of Gold (XAU/USD) with multiple trading concepts annotated. Here are the key elements:
Macro Levels: Several points are marked “MACRO,” likely denoting key market structure levels or significant order blocks.
Order Blocks (OB): Highlighted areas like the orange and blue boxes represent order blocks, potential zones where institutional buying or selling occurred.
Fair Value Gaps (FVG): The green and light red shaded areas signify imbalance zones in price action, where price may revisit to "fill" these gaps.
Sessions: "New York AM/PM" and "Asian" sessions are marked, showing session-based price behavior.
Stop Loss and Target Area: A clear buy setup is illustrated, with a stop-loss below the recent lows (around 3,330) and a projected upward price movement towards 3,360–3,370.
Interpretation:
This chart indicates a potential bullish setup from the current 3
Macro Levels: Several points are marked “MACRO,” likely denoting key market structure levels or significant order blocks.
Order Blocks (OB): Highlighted areas like the orange and blue boxes represent order blocks, potential zones where institutional buying or selling occurred.
Fair Value Gaps (FVG): The green and light red shaded areas signify imbalance zones in price action, where price may revisit to "fill" these gaps.
Sessions: "New York AM/PM" and "Asian" sessions are marked, showing session-based price behavior.
Stop Loss and Target Area: A clear buy setup is illustrated, with a stop-loss below the recent lows (around 3,330) and a projected upward price movement towards 3,360–3,370.
Interpretation:
This chart indicates a potential bullish setup from the current 3
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.
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.