XAUUSD 15m: Key Levels & Dual Scenario Setup Ahead
XAUUSD (Gold) is currently approaching key resistance levels on the 15m chart. Here is the breakdown of the anticipated moves and trade scenarios:
📈 Immediate Move:
• Push towards the first Resistance Zone around 4,400 – 4,410.
• Pullback expected from resistance down to the Demand/Support Zone around 4,270 – 4,280.
🟢 SCENARIO 1: Bullish Breakout & Continuation
• Bounce from the 4,270 – 4,280 Support Zone.
• Break above 4,344 level towards the Major Resistance Zone at 4,582 – 4,620.
• Look for short opportunities upon testing the major resistance.
🔴 SCENARIO 2: Bearish Breakdown
• Rejection at the 4,344 level following the initial bounce.
• Breakdown below 4,270 support leading to a deeper downside rally.
⚠️ Note:
Wait for price action confirmation at key levels (4,410 Resistance & 4,270 Support) before taking entries. Maintain proper risk management at all times!
