📊 Gold (XAUUSD) 15-Min Structure Analysis
🔻 Support Zone:
3245–3255 region
This is the recent demand zone where price reversed with bullish momentum.
Multiple rejections suggest strong buyers are active here.
🔸 Current Price Area:
3265–3270
Price is forming a bullish flag / cup & handle type structure.
Minor pullback within uptrend – ideal for continuation if higher low forms.
🔺 1st Resistance Zone:
3284–3294
Previously broken support turned resistance (Fibonacci 0.618 area).
Expect some consolidation or rejection here.
🔔 TP1 zone if long from 3262
🔺 2nd Resistance Zone:
3320–3335
Major resistance zone aligning with past price action and fib extension levels.
Break above this zone could trigger a rally toward 3345+
🔔 TP2 / TP3 zone
🧠 Market Bias:
Short-Term: Bullish above 3255
Structure: Higher highs and higher lows on LTF (15m/1H)
Watch for bullish engulfing or breakout candle above 3275–3280 for confirmation toward next resistance
🔻 Support Zone:
3245–3255 region
This is the recent demand zone where price reversed with bullish momentum.
Multiple rejections suggest strong buyers are active here.
🔸 Current Price Area:
3265–3270
Price is forming a bullish flag / cup & handle type structure.
Minor pullback within uptrend – ideal for continuation if higher low forms.
🔺 1st Resistance Zone:
3284–3294
Previously broken support turned resistance (Fibonacci 0.618 area).
Expect some consolidation or rejection here.
🔔 TP1 zone if long from 3262
🔺 2nd Resistance Zone:
3320–3335
Major resistance zone aligning with past price action and fib extension levels.
Break above this zone could trigger a rally toward 3345+
🔔 TP2 / TP3 zone
🧠 Market Bias:
Short-Term: Bullish above 3255
Structure: Higher highs and higher lows on LTF (15m/1H)
Watch for bullish engulfing or breakout candle above 3275–3280 for confirmation toward next resistance
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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.
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.