Market Context:
Gold (XAUUSD) has recently completed a sharp bearish leg, forming a potential bottom at the 3314–3318 demand zone. The price is now showing a short-term reversal structure with higher highs and higher lows on the 15-minute chart.
A breakout above the EMA (blue line) with bullish momentum confirms buying interest.
🧭 Technical Analysis:
✅ Demand Zone: 3314.59 – 3321.71 acted as a springboard for bullish price action
✅ Bullish Breakout: Price broke above EMA with strong candle bodies and volume
🔴 Supply Zone: 3344 – 3350 (first key resistance to watch for rejection or breakout)
⚙️ Risk Management: Trade setup with a tight stop and favorable risk-reward ratio
📌 Trade Setup
Entry Zone: 3322 – 3324 (confirmation after bullish breakout)
Stop Loss: 3314.50 (below demand zone)
Take Profit Levels:
🎯 TP1: 3333 (intraday resistance)
🎯 TP2: 3344 (supply zone)
🎯 TP3: 3350+ (extension target if momentum continues)
🧮 Risk:Reward ≈ 1:2+
📉 Invalidation
If price closes below 3314.50, the bullish setup is invalidated and further downside continuation is possible. Watch for a potential short opportunity if bearish pressure resumes near 3344.
Gold (XAUUSD) has recently completed a sharp bearish leg, forming a potential bottom at the 3314–3318 demand zone. The price is now showing a short-term reversal structure with higher highs and higher lows on the 15-minute chart.
A breakout above the EMA (blue line) with bullish momentum confirms buying interest.
🧭 Technical Analysis:
✅ Demand Zone: 3314.59 – 3321.71 acted as a springboard for bullish price action
✅ Bullish Breakout: Price broke above EMA with strong candle bodies and volume
🔴 Supply Zone: 3344 – 3350 (first key resistance to watch for rejection or breakout)
⚙️ Risk Management: Trade setup with a tight stop and favorable risk-reward ratio
📌 Trade Setup
Entry Zone: 3322 – 3324 (confirmation after bullish breakout)
Stop Loss: 3314.50 (below demand zone)
Take Profit Levels:
🎯 TP1: 3333 (intraday resistance)
🎯 TP2: 3344 (supply zone)
🎯 TP3: 3350+ (extension target if momentum continues)
🧮 Risk:Reward ≈ 1:2+
📉 Invalidation
If price closes below 3314.50, the bullish setup is invalidated and further downside continuation is possible. Watch for a potential short opportunity if bearish pressure resumes near 3344.
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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.
Get Accurate Forex & Gold Signals Daily!
Join our trusted trading team with real-time insights and expert support.
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Join our trusted trading team with real-time insights and expert support.
Start your winning journey now
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.