XAUUSD – Gold Sitting on Key Support Zone | Decision Time Ahead
📅 June 17, 2025 – 15m Chart
💡 By: MR_MARK0
Gold (XAUUSD) is currently consolidating around the 3,379 level after a bearish drop earlier in the session. Price action is hugging the lower edge of a support range, with clear indecision shown by the small-bodied candles and long wicks.
🔍 Technical Overview:
Support Zone: 3,372 – 3,369
Resistance Zone: 3,398 – 3,404
EMA (9, close): 3,382 – Acting as dynamic resistance
Price Action: Recent rejection off support with a potential base forming
🧭 Trade Scenarios:
📈 Bullish Play (Countertrend Reversal):
If price breaks and closes above 3,382 (EMA), we could see a push toward 3,398 and potentially 3,404.
🔹 Entry: 3,383+
🔹 TP1: 3,398
🔹 TP2: 3,404
🔹 SL: 3,372
📉 Bearish Play (Trend Continuation):
A break below 3,372 signals bearish continuation toward the lower demand zone near 3,363.
🔹 Entry: 3,371
🔹 TP: 3,363
🔹 SL: 3,383
⚠️ Watchlist Notes:
Volatility is low, but pressure is building.
Wait for confirmation — don’t chase.
Ideal for scalps or short-term intraday plays.
📊 Comment below with your bias – are we about to bounce or break down?
🔔 Follow for more XAUUSD setups and updates!
📅 June 17, 2025 – 15m Chart
💡 By: MR_MARK0
Gold (XAUUSD) is currently consolidating around the 3,379 level after a bearish drop earlier in the session. Price action is hugging the lower edge of a support range, with clear indecision shown by the small-bodied candles and long wicks.
🔍 Technical Overview:
Support Zone: 3,372 – 3,369
Resistance Zone: 3,398 – 3,404
EMA (9, close): 3,382 – Acting as dynamic resistance
Price Action: Recent rejection off support with a potential base forming
🧭 Trade Scenarios:
📈 Bullish Play (Countertrend Reversal):
If price breaks and closes above 3,382 (EMA), we could see a push toward 3,398 and potentially 3,404.
🔹 Entry: 3,383+
🔹 TP1: 3,398
🔹 TP2: 3,404
🔹 SL: 3,372
📉 Bearish Play (Trend Continuation):
A break below 3,372 signals bearish continuation toward the lower demand zone near 3,363.
🔹 Entry: 3,371
🔹 TP: 3,363
🔹 SL: 3,383
⚠️ Watchlist Notes:
Volatility is low, but pressure is building.
Wait for confirmation — don’t chase.
Ideal for scalps or short-term intraday plays.
📊 Comment below with your bias – are we about to bounce or break down?
🔔 Follow for more XAUUSD setups and updates!
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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.
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.