On the 15-minute timeframe, Gold (XAUUSD) has rallied into a key overhead supply block/resistance zone near the $4,343 – $4,358 region. This zone aligns with the upper boundary of a descending channel and previous structural supply following an earlier Break of Structure (BOS) and Equal Highs (EQH) sweep, presenting a potential bearish mitigation scenario.
Technical Reference Levels
Overhead Supply / Entry Zone: ~$4,343.85 – $4,349.09 (Supply Block / Channel Resistance)
Invalidation / Structural Level: ~$4,358.66 (Above the supply zone high)
Downside Target Level: ~$4,244.63 (Major lower demand / support liquidity zone)
Technical Setup Logic
Price expanded into the upper supply zone and descending trendline resistance around $4,343.85. The technical mapping outlines a potential rejection from this premium supply area to continue the broader corrective trend toward the lower support target at $4,244.63, with structural invalidation strictly placed above $4,358.66.
Disclaimer & Purpose
This post is strictly for educational, analytical, and charting practice purposes only. It is not a financial idea, trading signal, or investment advice. Always manage your own risk and perform independent research.
Technical Reference Levels
Overhead Supply / Entry Zone: ~$4,343.85 – $4,349.09 (Supply Block / Channel Resistance)
Invalidation / Structural Level: ~$4,358.66 (Above the supply zone high)
Downside Target Level: ~$4,244.63 (Major lower demand / support liquidity zone)
Technical Setup Logic
Price expanded into the upper supply zone and descending trendline resistance around $4,343.85. The technical mapping outlines a potential rejection from this premium supply area to continue the broader corrective trend toward the lower support target at $4,244.63, with structural invalidation strictly placed above $4,358.66.
Disclaimer & Purpose
This post is strictly for educational, analytical, and charting practice purposes only. It is not a financial idea, trading signal, or investment advice. Always manage your own risk and perform independent research.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.