Gold (XAU/USD) is showing signs of a potential bullish reversal on the 15-minute chart. After forming a falling wedge pattern and reaching a key demand zone around 3120, price action suggests a possible bounce.
Falling wedge breakout observed with increasing volume
Strong rejection from the 3120 support zone
Risk-to-reward setup aligned with bullish momentum
Watch for continuation if price holds above the minor trendline
This idea is for educational purposes only and not financial advice.
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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.