1. Market Overview
On the 15-minute chart, XAUUSD is trading around 3,290–3,292 USD, hovering just above a critical intraday support zone at 3,287–3,289 USD (highlighted in blue). This area has repeatedly provided a bounce in recent sessions, indicating persistent buying interest.
The current price action reflects sideways movement within a narrow range (3,287–3,296 USD), and notably, declining volatility, as shown by reduced candle range and trading volume.
2. Technical Breakdown
EMA: Price is moving around the EMA20 and EMA50, reflecting indecision and lack of directional momentum.
RSI (inferred): Likely hovering near the neutral 50–55 zone, confirming a balanced market.
Trendline: A descending series of lower highs from the 3,312 peak suggests bearish pressure, though buyers still defend key support.
Fibonacci: The 3,287 USD zone aligns with the 61.8% Fibonacci retracement level, reinforcing its strength as a bounce area.
3. Key Levels to Watch
3,287–3,289: Support - Repeated reactions here – key demand zone
3,296: Immediate resistance - Needs breakout to confirm bullish move
3,302: Next resistance - Breakout target – short-term top
3,275: Deeper support - Retest level if support breaks
4. Trading Strategy Scenarios
🔹 Scenario 1 – Long setup at support
Entry: 3,287–3,289 (wait for bullish reaction like pin bar or engulfing)
Stop Loss: Below 3,284
TP1: 3,296 | TP2: 3,302
🔹 Scenario 2 – Short setup on breakdown
Entry: Below 3,284 (after clear bearish candle close)
Stop Loss: 3,288
TP1: 3,275 | TP2: 3,268
5. Conclusion
Gold is in a tug-of-war at a sensitive support zone. Whether bulls defend or bears break below will set the tone for the rest of the session. Focus on price reaction around 3,287 to determine direction – avoid blind predictions.
Make sure to follow for more live strategies as the New York session unfolds – and save this post if you find it helpful!
What’s your view on this support zone? Let’s discuss below!
On the 15-minute chart, XAUUSD is trading around 3,290–3,292 USD, hovering just above a critical intraday support zone at 3,287–3,289 USD (highlighted in blue). This area has repeatedly provided a bounce in recent sessions, indicating persistent buying interest.
The current price action reflects sideways movement within a narrow range (3,287–3,296 USD), and notably, declining volatility, as shown by reduced candle range and trading volume.
2. Technical Breakdown
EMA: Price is moving around the EMA20 and EMA50, reflecting indecision and lack of directional momentum.
RSI (inferred): Likely hovering near the neutral 50–55 zone, confirming a balanced market.
Trendline: A descending series of lower highs from the 3,312 peak suggests bearish pressure, though buyers still defend key support.
Fibonacci: The 3,287 USD zone aligns with the 61.8% Fibonacci retracement level, reinforcing its strength as a bounce area.
3. Key Levels to Watch
3,287–3,289: Support - Repeated reactions here – key demand zone
3,296: Immediate resistance - Needs breakout to confirm bullish move
3,302: Next resistance - Breakout target – short-term top
3,275: Deeper support - Retest level if support breaks
4. Trading Strategy Scenarios
🔹 Scenario 1 – Long setup at support
Entry: 3,287–3,289 (wait for bullish reaction like pin bar or engulfing)
Stop Loss: Below 3,284
TP1: 3,296 | TP2: 3,302
🔹 Scenario 2 – Short setup on breakdown
Entry: Below 3,284 (after clear bearish candle close)
Stop Loss: 3,288
TP1: 3,275 | TP2: 3,268
5. Conclusion
Gold is in a tug-of-war at a sensitive support zone. Whether bulls defend or bears break below will set the tone for the rest of the session. Focus on price reaction around 3,287 to determine direction – avoid blind predictions.
Make sure to follow for more live strategies as the New York session unfolds – and save this post if you find it helpful!
What’s your view on this support zone? Let’s discuss below!
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🪙 JOIN OUR FREE TELEGRAM GROUP 🪙
t.me/dnaprofits
Join the community group to get support and share knowledge!
️🥇 Exchange and learn market knowledge
️🥇 Support free trading signals
t.me/dnaprofits
Join the community group to get support and share knowledge!
️🥇 Exchange and learn market knowledge
️🥇 Support free trading signals
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.