$XAU | M15 – H1: Below 4K or a retest of 4150?
At the moment, I favor a scenario where the price recovers and retests the 414x area. Then we can observe the market’s reaction to determine its next direction.
Key price levels to watch:
* 402x: An important support area that maintains the current bullish structure. It is also the breakout zone from the previous downtrend.
* 414x–4150: A resistance and consolidation area. The price reacted strongly in this zone during the previous retest.
Preferred scenario: Wait for the price to retest the 414x–4150 area and monitor its reaction there. If it cannot break through this resistance zone, keep in mind the possibility that the price may return to test the 402x area.
You can follow the details of these price levels and the market structure directly on the chart.
❗️❗️This is my personal opinion. Please treat it as reference only; it is not investment advice.
#GOLD #XAUUSD #FX #TRADING
At the moment, I favor a scenario where the price recovers and retests the 414x area. Then we can observe the market’s reaction to determine its next direction.
Key price levels to watch:
* 402x: An important support area that maintains the current bullish structure. It is also the breakout zone from the previous downtrend.
* 414x–4150: A resistance and consolidation area. The price reacted strongly in this zone during the previous retest.
Preferred scenario: Wait for the price to retest the 414x–4150 area and monitor its reaction there. If it cannot break through this resistance zone, keep in mind the possibility that the price may return to test the 402x area.
You can follow the details of these price levels and the market structure directly on the chart.
❗️❗️This is my personal opinion. Please treat it as reference only; it is not investment advice.
#GOLD #XAUUSD #FX #TRADING
