Gold Trader Alliance ❤
— XAUUSD/M15 —
Intraday Market Update
Following the formation of a recent swing low, price reacted strongly with aggressive buying pressure, confirming a liquidity sweep and a short-term bullish reversal.
Price is currently trading within a well-defined ascending channel, maintaining a clear Higher Low – Higher High structure on the M15 timeframe.
🎯 Primary Scenario
➤ A decisive break and close above 5190 (range high) would confirm a bullish breakout from the current price range.
➤ Upside targets: 5235 – 5238 (External liquidity pool / prior supply zone)
🔐 Structural Support Zone : 5153 – 5150
- Lower boundary of the ascending channel
- Internal liquidity zone supporting short-term structure
- As long as price holds above this area, the bullish structure remains valid.
- Short-term bias: Bullish
- Price remains supported by the channel trendline
- Order flow favors buyers following the prior Break of Structure (BOS)#gold $
— XAUUSD/M15 —
Intraday Market Update
Following the formation of a recent swing low, price reacted strongly with aggressive buying pressure, confirming a liquidity sweep and a short-term bullish reversal.
Price is currently trading within a well-defined ascending channel, maintaining a clear Higher Low – Higher High structure on the M15 timeframe.
🎯 Primary Scenario
➤ A decisive break and close above 5190 (range high) would confirm a bullish breakout from the current price range.
➤ Upside targets: 5235 – 5238 (External liquidity pool / prior supply zone)
🔐 Structural Support Zone : 5153 – 5150
- Lower boundary of the ascending channel
- Internal liquidity zone supporting short-term structure
- As long as price holds above this area, the bullish structure remains valid.
- Short-term bias: Bullish
- Price remains supported by the channel trendline
- Order flow favors buyers following the prior Break of Structure (BOS)#gold $