XAU/USD (Gold) 15-Minute Technical Analysis
The 15-minute chart shows that gold remains in a short-term bullish trend, although price is currently undergoing a healthy pullback after failing to hold above the recent swing high around 4,095. The overall market structure is still bullish as long as the highlighted support zone remains intact.
Market Structure
Price has been respecting an ascending channel, indicating sustained buying pressure.
A recent breakout above the internal trendline accelerated the rally before profit-taking caused the current retracement.
The highlighted support zone (4,060–4,072) aligns with the previous breakout area and should act as a demand zone.
Bullish Scenario
If buyers defend the 4,060–4,072 support, a bullish reversal could develop.
Confirmation would come from:
Bullish engulfing or strong rejection candles.
Higher lows forming on the 15-minute timeframe.
Increasing bullish momentum from the support area.
A successful rebound could target:
First resistance: 4,095
Main target: 4,135, matching the projected measured move shown on the chart.
Bearish Scenario
A decisive close below 4,050 would invalidate the bullish setup.
In that case, the ascending structure would weaken, opening the door for a deeper correction toward lower support levels around 4,035–4,020.
Key Levels
Support: 4,060–4,072
Stop-loss (bullish invalidation): Below 4,050
Resistance: 4,095
Target: 4,135
Conclusion
The bias remains bullish while price holds above the 4,060–4,072 support zone. Traders may look for bullish confirmation before entering long positions, targeting 4,135, while keeping risk controlled with a stop below 4,050. A breakdown beneath support would invalidate the setup and favor a deeper corrective move.
The 15-minute chart shows that gold remains in a short-term bullish trend, although price is currently undergoing a healthy pullback after failing to hold above the recent swing high around 4,095. The overall market structure is still bullish as long as the highlighted support zone remains intact.
Market Structure
Price has been respecting an ascending channel, indicating sustained buying pressure.
A recent breakout above the internal trendline accelerated the rally before profit-taking caused the current retracement.
The highlighted support zone (4,060–4,072) aligns with the previous breakout area and should act as a demand zone.
Bullish Scenario
If buyers defend the 4,060–4,072 support, a bullish reversal could develop.
Confirmation would come from:
Bullish engulfing or strong rejection candles.
Higher lows forming on the 15-minute timeframe.
Increasing bullish momentum from the support area.
A successful rebound could target:
First resistance: 4,095
Main target: 4,135, matching the projected measured move shown on the chart.
Bearish Scenario
A decisive close below 4,050 would invalidate the bullish setup.
In that case, the ascending structure would weaken, opening the door for a deeper correction toward lower support levels around 4,035–4,020.
Key Levels
Support: 4,060–4,072
Stop-loss (bullish invalidation): Below 4,050
Resistance: 4,095
Target: 4,135
Conclusion
The bias remains bullish while price holds above the 4,060–4,072 support zone. Traders may look for bullish confirmation before entering long positions, targeting 4,135, while keeping risk controlled with a stop below 4,050. A breakdown beneath support would invalidate the setup and favor a deeper corrective move.
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
join my telegram channel t.me/goldsignalicthttps://t.me/goldsignalicthttps://t.me/goldsignalict
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.