XAUUSD (15M Chart)


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Analysis :



Market Structure

  • Ascending Triangle Formation : ETH is forming higher lows while facing resistance near $1,959.
  • Descending Trendline Resistance : Price is respecting a downward sloping trendline, indicating short-term bearish pressure.
  • Key Resistance at $2,990 - $2,995 : Previous highs acted as strong resistance.
  • Demand Zone at $2,968 - $2,972 : A major support zone where buyers previously stepped in.

Resistance Levels (Sell Zone)

$2,990 - $2,995 → If price breaks above this zone, expect further upside.

$3,000 Psychological Level → If momentum continues, this would be the next key target.

Support Levels (Buy Zone)

$2,968 - $2,972 → Immediate support; if price retraces, buyers may enter here.

$2,950 - $2,955 → Stronger demand zone in case of a deeper pullback.

Possible Trade Scenarios

Bullish Breakout (High Probability)

If XAU/USD breaks and closes above the trendline (~$2,988-$2,990), expect a push to $3,000+.

Confirmation: Strong bullish candle closing above resistance.

Bearish Rejection (Medium Probability)

If gold fails to break the trendline, price could drop back to $2,968 - $2,972.

A breakdown below $2,968 could lead to $2,955.

Happy Trading!



Note: This analysis is for educational and informational purposes only and should not be considered financial advice. Trading in Forex, commodities, and indices involves a high level of risk and may not be suitable for all investors. Before engaging in live trading, ensure you have a clear risk management strategy and consult a licensed financial advisor if necessary. You are responsible for your trading decisions.