Current Market Situation:
Gold has reached a very strong confluence zone on the 15-minute timeframe. After a solid pullback, price is now sitting exactly on a Bullish Order Block that perfectly aligns with strong Fibonacci retracement levels.
Why This Zone is Powerful: Bullish Order Block acting as major demand area
Golden Fibonacci Levels providing additional support
Market Structure Shift to bullish confirmed with higher lows forming
Multiple confluences stacking in favor of buyers
This is one of the cleaner demand zones we’ve seen in recent sessions, with strong institutional interest likely present.
Trade Plan: Buy Zone: 4120 - 4125
Stop Loss: Below 4105 (to protect against false breakdown)
Targets:TP1: 4150
TP2: 4175
TP3: 4200 - 4220 (next major resistance)
Bias: Bullish (with good risk-reward potential)This setup offers a favorable probability for a solid bounce or continuation higher, especially if price holds above 4120 convincingly.
This is not financial advice. Always use proper risk management and confirm with your own analysis.
Gold has reached a very strong confluence zone on the 15-minute timeframe. After a solid pullback, price is now sitting exactly on a Bullish Order Block that perfectly aligns with strong Fibonacci retracement levels.
Why This Zone is Powerful: Bullish Order Block acting as major demand area
Golden Fibonacci Levels providing additional support
Market Structure Shift to bullish confirmed with higher lows forming
Multiple confluences stacking in favor of buyers
This is one of the cleaner demand zones we’ve seen in recent sessions, with strong institutional interest likely present.
Trade Plan: Buy Zone: 4120 - 4125
Stop Loss: Below 4105 (to protect against false breakdown)
Targets:TP1: 4150
TP2: 4175
TP3: 4200 - 4220 (next major resistance)
Bias: Bullish (with good risk-reward potential)This setup offers a favorable probability for a solid bounce or continuation higher, especially if price holds above 4120 convincingly.
This is not financial advice. Always use proper risk management and confirm with your own analysis.
Note
Market is only in range today due to us bank holiday.Enjoy your weekend
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✅ ACCOUNT MANAGEMENT
t.me/Traderr5757
✅ XAUUSD MARKET UPDATE
t.me/+UamB2uCTUtkzMmQ0
✅ XAUUSD BACKUP CHANNEL
t.me/+mDhkrPtwZ4o1ZTE0
XM BROKER
PARTNER CODE : K4HPT
t.me/Traderr5757
✅ XAUUSD MARKET UPDATE
t.me/+UamB2uCTUtkzMmQ0
✅ XAUUSD BACKUP CHANNEL
t.me/+mDhkrPtwZ4o1ZTE0
XM BROKER
PARTNER CODE : K4HPT
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.