Gold Buy Opportunity | Supertrend Confirms Uptrend
Worked for 10s
XAU/USD (Gold) 15M Technical Analysis
Market Bias: Bullish (while price remains above support)
Gold is trading around 4055 after a strong impulsive move higher. The chart shows price pulling back toward a key support zone, where buyers may look to re-enter. The overall structure remains bullish as long as the highlighted demand area holds.
Key Technical Levels
Entry Zone: 4050.2 – 4055.0
Immediate Support: 4050.3
Major Support: 4034.2
Stop Loss: Below 4033.6
Nearest Resistance: 4065
Next Resistance: 4075
Extended Target: 4090 – 4100
Trade Idea
Wait for bullish confirmation (strong bullish candle or rejection wick) from the 4050 support area.
If buyers defend support, upside momentum could continue toward:
TP1: 4065
TP2: 4075
TP3: 4090
TP4: 4100
Alternative Scenario
If price closes below 4050 and loses the support zone, the market could extend its correction toward 4034. A break below 4034 would invalidate the current bullish setup and shift the short-term bias to bearish.
Summary
✅ Bias: Bullish
📈 Buy Zone: 4050–4055
🎯 TP1: 4065
🎯 TP2: 4075
🎯 TP3: 4090
🎯 TP4: 4100
🛑 Stop Loss: Below 4033.6
This analysis is for educational purposes and should be confirmed with price action before entering a trade.