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Expecting Gold bullish Movement

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The chart illustrates a potential bullish reversal setup for Gold XAU/USD on the 15-minute timeframe Price action has recently tested and respected a key demand zone marked as the Kee point around the 32853 level This area acted as strong support with multiple rejections suggesting buyer interest

Following this, the price has started forming higher lows and higher highs indicating the beginning of a bullish structure The large blue arrow suggests bullish momentum is expected to continue, aiming for upside targets

Key Levels

Kee Point Support Zone 3285 Crucial area where the reversal initiated

Target 1: 3316 First resistance level and a potential take-profit zone

Target 2: 3330 Final bullish target if momentum sustains
Outlook

As long as the price holds above the Kee Point, bullish continuation is favored

Breaking and closing above Target 1 could lead to further gains toward Target 2

A break below the Kee Point would invalidate this bullish scenario


This setup presents a potential buying opportunity with defined upside targets contingent on sustained bullish pressure
Dagangan aktif
Nota
Strong buy
Nota
Running 280 pips done

Penafian

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