$XAUUSD 30M - Bullish Analysis
Bias: BUY
Why it can go UP
Price holding inside ascending triangle. Bounce from 4,080 support + breakout above trendline. Buyers defending the zone
Trade Plan - Short Cut
Entry 4,112 - 4,120
SL 4,080
TP1 4,162
TP2 4,239
$XAUUSD #NFP
15m out look π
setup drawn looks like a classic rising wedge rejection π»
Breakdown of your chart
Pattern Price rallied hard from 3980 to 4110, then formed an ascending channel/rising wedge. expecting a breakdown.
Supply zone 4073.93 - 4095.47
Target 3985
Thatβs a clean *XAUUSD 15m* bearish setup marked π»
*What Iβm seeing on your chart:*
- *Entry zone*: βΌ4029.33 - 4049.02, that red/pink supply area above current price 4026.02
- *Bias*: Sell on retest of the 4026-4029 level, with the arrow projecting down
- *Target*: 3951
#XAUUSD#GOLD
The market is currently in a rebound phase, having broken through 4030.
Support lies at $3970. Gold will only have room to rise as long as it remains stable above $4000.