**Chart Description:**
This chart represents the price action of Gold (XAU/USD) on the 15-minute timeframe. It highlights key support and resistance zones, trendlines, and a potential bullish setup.
- The price previously declined, reaching a support zone marked in purple.
- A trendline break led to further downside movement.
- The price has now formed a consolidation near the support area and is showing signs of a potential reversal.
- A blue arrow indicates a possible bullish move towards the upper resistance zone near **$3,044.83**.
- The green box represents a possible **risk-to-reward trade setup**, with an entry around **$3,037.89** and a target near **$3,044.83**.
This chart represents the price action of Gold (XAU/USD) on the 15-minute timeframe. It highlights key support and resistance zones, trendlines, and a potential bullish setup.
- The price previously declined, reaching a support zone marked in purple.
- A trendline break led to further downside movement.
- The price has now formed a consolidation near the support area and is showing signs of a potential reversal.
- A blue arrow indicates a possible bullish move towards the upper resistance zone near **$3,044.83**.
- The green box represents a possible **risk-to-reward trade setup**, with an entry around **$3,037.89** and a target near **$3,044.83**.
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t.me/usa_uae_xauusd_trader
Join my referal broker link
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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.
Join my telegram channel free
t.me/usa_uae_xauusd_trader
Join my referal broker link
one.exnesstrack.org/a/mcl4ue398y?source=app
t.me/usa_uae_xauusd_trader
Join my referal broker link
one.exnesstrack.org/a/mcl4ue398y?source=app
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.