Gold (XAUUSD) on the 15-Minute (M15) timeframe has broken out of a multi-session consolidation phase with strong bullish momentum. We are currently tracking a potential pullback to mitigate the origin of this breakout before any continuation higher.
📌 Key Technical Highlights:
Pattern Breakout: Price successfully breached the horizontal resistance level following a sequence of higher lows, signaling aggressive buyer participation.
Retest & Mitigation Zone: The highlighted zone between 4,097 – 4,105 serves as our primary point of interest (POI). This area combines the broken resistance-turned-support with recent order flow mitigation.
Market Bias: Short-term order flow remains firmly bullish above the structural low, favoring long opportunities upon reaction within the POI.
🎯 Trade Execution & Levels:
Entry Model: Waiting for a corrective pullback into the 4,097.12 – 4,105.06 area, looking for lower timeframe (LTF) rejection candles.
Stop Loss (SL): Placed safely below the structure at 4,077.72 to invalidate the bullish thesis with minimal risk exposure.
Target (TP): 4,200.00 (Key upside liquidity level).
⚖️ Risk Notice:
Always manage your position size according to your personal risk parameters. This layout represents an analytical trading view based on price structure and is not financial advice. Capital preservation comes first
📌 Key Technical Highlights:
Pattern Breakout: Price successfully breached the horizontal resistance level following a sequence of higher lows, signaling aggressive buyer participation.
Retest & Mitigation Zone: The highlighted zone between 4,097 – 4,105 serves as our primary point of interest (POI). This area combines the broken resistance-turned-support with recent order flow mitigation.
Market Bias: Short-term order flow remains firmly bullish above the structural low, favoring long opportunities upon reaction within the POI.
🎯 Trade Execution & Levels:
Entry Model: Waiting for a corrective pullback into the 4,097.12 – 4,105.06 area, looking for lower timeframe (LTF) rejection candles.
Stop Loss (SL): Placed safely below the structure at 4,077.72 to invalidate the bullish thesis with minimal risk exposure.
Target (TP): 4,200.00 (Key upside liquidity level).
⚖️ Risk Notice:
Always manage your position size according to your personal risk parameters. This layout represents an analytical trading view based on price structure and is not financial advice. Capital preservation comes first
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.
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.