Gold (XAUUSD) Trade Setup – Valid Until July 10, 2025This 15-minute chart shows a clean technical breakout from a falling channel. Here's how to interpret and potentially trade this move:
🧠 Context: What Just Happened
Price was locked inside a descending channel (blue) for multiple sessions.
A breakout occurred above the channel, indicating a potential short-term bullish reversal.
The bounce aligns with recent tariff-related headlines easing off and short-covering momentum building.
I trade these support and resistance lines daily on micro gold futures.
What these lines represent:
Golden Line: Heavy Support or Resistance depending on the price direction towards the lines for major reversal or $10-$15 swings.
Silver Lines: Consolidation areas or mid way support and resistance for a scalping few touches.
Bronze dotted lines: Low volume days support and resistance for a quick $5 up or down.
Also, I can see a directional setup. Here is a hypothetical scenario that could play out:
📌 Key Zones to Watch
🔼 Resistance $3,342 Next major target / sell zone
🟧 Resistance $3,319 Current breakout level retest
⚪ Support $3,307–$3,316 Minor consolidation area
🔻 Support $3,295–$3,289 Strong demand / invalidation
🚨 Bear Pivot $3,272 Break below = bearish return
🧭 Trading Playbook
Bullish Bias (Preferred Scenario)
✅ Break and hold above $3,319 = potential move to $3,342
🎯 Target: $3,340–$3,342
🔒 SL below: $3,307
Optional re-entry on retest of $3,316 zone
Bearish Reversal (If Bulls Fail)
⚠️ If price fails $3,319 and breaks back below $3,307, sellers may reclaim control
📉 Look for short setups toward $3,295 and even $3,272
SL above: $3,319
📌 Key Tip
Watch for volume confirmation and 5m candle closes at each level. Don’t chase — let price come to your levels.
⏳ Validity
This setup remains valid through July 10, or until $3,342 target is hit or $3,272 is broken.
This is not financial advice; it's for educational purposes only.
