“XAUUSD Bullish Breakout from Demand Zone Targeting 4,720”

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📊 XAUUSD (15M) Intraday Analysis

The chart shows a clear shift from bearish to short-term bullish structure, with price reacting strongly from a defined demand zone.

🔍 Key Observations:
Demand Zone Reaction:
Price formed a solid base around the demand zone (~4,550–4,580), leading to a strong impulsive move upward — indicating institutional buying.
Trend Shift:
The previous descending structure (trade line) has been broken, and price is now moving inside an ascending channel, signaling bullish momentum.
Bullish Continuation Zone:
Current price is consolidating above support (~4,640), forming a potential higher low, which supports continuation.
Resistance Ahead:
Minor resistance around 4,680–4,700, but the major supply zone sits near 4,800+, which is the broader target area.
📈 Trade Idea (Bullish Bias):
Entry: Around 4,650–4,660 (pullback confirmation)
Stop Loss: Below 4,640 (structure invalidation)
Target: 4,720 (short-term), extended toward 4,800 supply
⚠️ Risk Factors:
Rejection from 4,680 zone could trigger a pullback toward 4,620
Break below 4,640 invalidates bullish setup and may shift market back to range/bearish

Haftungsausschluss

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