XAU/USD (Gold) 15M Technical Analysis
Market Structure: Bearish, Watching for Reversal from Support
The chart shows a clear bearish trend after price broke above the previous consolidation (range) but failed to hold the breakout. That breakout turned into a bull trap, leading to aggressive selling pressure.
Key Observations
Range Breakout Failure: Price briefly broke above the consolidation box but was immediately rejected, confirming a false breakout.
Descending Channel: Price is respecting a bearish channel with lower highs and lower lows, showing sellers remain in control.
Support Zone: Price has reached an important demand area around 3968–3959, where buyers are attempting to defend.
Momentum: Selling pressure has weakened near support, suggesting a potential short-term rebound if the support holds.
Important Levels
Current Price: 3976.80
Support Zone: 3968.80 – 3958.80
Stop Loss: 3953.50
Bullish Target: 4030.50
Major Resistance: 4025–4035
Bullish Scenario
If price:
Holds above 3968–3959,
Forms a bullish confirmation candle,
Breaks above the descending channel,
then buyers could push price toward:
TP1: 3992
TP2: 4010
TP3: 4030
Bearish Scenario
If support around 3959 fails with strong bearish momentum:
The bullish setup becomes invalid.
Price could extend lower toward 3950 and potentially 3940.
Trading Bias
Short-term Bias: Cautiously Bullish from support.
Overall Trend: Still Bearish until price breaks and closes above the descending channel.
Trade Idea
Entry: 3968–3973 (after bullish confirmation)
Stop Loss: 3953.50
Take Profit 1: 3992
Take Profit 2: 4010
Take Profit 3: 4030
Conclusion:
The market remains inside a bearish structure, but price is testing a strong support zone. A confirmed bounce from this area could offer a high risk-to-reward long setup toward 4030, while a break below 3959 would favor continuation of the downtrend.
Market Structure: Bearish, Watching for Reversal from Support
The chart shows a clear bearish trend after price broke above the previous consolidation (range) but failed to hold the breakout. That breakout turned into a bull trap, leading to aggressive selling pressure.
Key Observations
Range Breakout Failure: Price briefly broke above the consolidation box but was immediately rejected, confirming a false breakout.
Descending Channel: Price is respecting a bearish channel with lower highs and lower lows, showing sellers remain in control.
Support Zone: Price has reached an important demand area around 3968–3959, where buyers are attempting to defend.
Momentum: Selling pressure has weakened near support, suggesting a potential short-term rebound if the support holds.
Important Levels
Current Price: 3976.80
Support Zone: 3968.80 – 3958.80
Stop Loss: 3953.50
Bullish Target: 4030.50
Major Resistance: 4025–4035
Bullish Scenario
If price:
Holds above 3968–3959,
Forms a bullish confirmation candle,
Breaks above the descending channel,
then buyers could push price toward:
TP1: 3992
TP2: 4010
TP3: 4030
Bearish Scenario
If support around 3959 fails with strong bearish momentum:
The bullish setup becomes invalid.
Price could extend lower toward 3950 and potentially 3940.
Trading Bias
Short-term Bias: Cautiously Bullish from support.
Overall Trend: Still Bearish until price breaks and closes above the descending channel.
Trade Idea
Entry: 3968–3973 (after bullish confirmation)
Stop Loss: 3953.50
Take Profit 1: 3992
Take Profit 2: 4010
Take Profit 3: 4030
Conclusion:
The market remains inside a bearish structure, but price is testing a strong support zone. A confirmed bounce from this area could offer a high risk-to-reward long setup toward 4030, while a break below 3959 would favor continuation of the downtrend.
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บันทึก
al most target reached our final target is 4030 so 4024 hitt
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน