AU/USD Technical Analysis (15M)

Market Bias: Bullish (Buy on Pullback)

The chart suggests that gold is attempting to build a bullish continuation after holding a key support zone. Price has reclaimed short-term structure and is consolidating just below resistance, indicating buyers are defending higher lows.

Key Observations
Support Zone: 4239.3 – 4220.6
This highlighted demand area is the main bullish invalidation zone.
As long as price remains above this region, buyers retain control.
Resistance Zone: 4275 – 4280
Price needs a decisive breakout above this supply area to confirm continuation.
Market Structure
Recent higher lows indicate buying pressure.
Consolidation near support often precedes an impulsive move if demand remains intact.
A break above 4280 would confirm a bullish continuation.
Trade Plan
Entry: Buy on a pullback into 4239–4243 with bullish confirmation.
Stop Loss: 4221 (below support).
Take Profit 1: 4275
Take Profit 2: 4290
Take Profit 3: 4305 (marked target zone on the chart).
Invalidation

A sustained break and close below 4221 would invalidate the bullish setup and increase the probability of a move toward lower liquidity levels.

Educational Note: This setup is based on price action, support/resistance, and market structure. Wait for confirmation before entering a trade, and always manage risk with appropriate position sizing.