XAU/USD (Gold) – 15-Minute Technical Analysis

The chart shows that gold remains in an overall short-term uptrend, but it is currently undergoing a healthy pullback after a strong impulsive rally of approximately 93 points (2.19%). Price is retracing toward a key demand zone where buyers previously stepped in.

Market Structure
The overall structure is still bullish, with higher highs and higher lows.
The recent decline appears to be a retracement rather than a confirmed trend reversal.
Price is approaching a major support area, making this a decision zone for the next move.
Key Support Zone
Support: 4250.6 – 4223.8
This area aligns with:
Previous breakout structure
Demand zone highlighted on the chart
Dynamic trend support (green trailing support)

A bullish reaction from this region would strengthen the continuation scenario.

Bullish Scenario
If buyers defend 4250–4224, look for:
Bullish rejection candles
Higher lows on the 15-minute timeframe
Increasing buying volume

A successful defense could trigger a move toward:

First resistance: 4295
Main target: 4344

This would represent a continuation of the existing bullish trend.

Bearish Scenario

A decisive 15-minute close below 4223 would indicate that buyers have lost control.

In that case:

The bullish continuation setup becomes invalid.
Price could extend its correction toward lower support levels before finding new demand.
Trading Plan
Bullish bias: Only after confirmation of buying pressure inside 4250–4224.
Invalidation: Sustained break below 4223.
Upside target: 4344.
Avoid entering long positions before confirmation, as catching a falling retracement carries higher risk.
Conclusion

Gold is currently testing a high-probability demand zone after a sharp rally. As long as 4223–4250 holds, the broader intraday outlook remains bullish, with 4344 as the primary upside objective. However, a clean break below support would shift momentum toward a deeper correction before the uptrend can resume.