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
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 buyNota
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Join Free Forex Signals
t.me/+Lw2yzKfOoWw0YmI0
t.me/+Lw2yzKfOoWw0YmI0
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.