CFDs on Gold (US$ / OZ)
Long
Updated

GOLD BUY M15

97
Gold (XAU/USD) Analysis – 15-Minute Chart

The price is currently showing signs of bullish momentum after forming a Break of Structure (BOS) around the 3297 level, which is also marked as the Stop Loss (SL) area.

After retesting the demand zone (highlighted in purple), the price has started to push upwards, suggesting a potential reversal. A bullish price path is projected, with expectations of higher highs.

Key Levels:

Entry Zone (Support): Around 3297 (SL zone)

Resistance Zones:

First Resistance: 3309

Second Resistance: 3314


Final Target: 3320


If the bullish momentum continues, the price is expected to break above the minor resistance levels and reach the target of 3320.
Trade active
Trade closed: target reached

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