Where is the key demand zone for gold on the 15-minute timeframe?

Based on the analysis, the demand zone or order block is located between 4,615 and 4,625, serving as the most critical area for scalpers in the current market.

What conditions validate the bullish scenario for gold?

To validate the bullish scenario, the price must hold the 4,615-4,625 range, form a higher low, and show strength to return toward the 4,670-4,675 resistance levels.

When does the bearish scenario trigger?

If the gold price closes a 15-minute candle fully below the 4,615 level, the short-term bullish scenario is invalidated, increasing the likelihood of further price declines.

What is the best strategy for trading gold in the demand zone?

We recommend waiting for confirmation within the demand zone rather than entering impulsively. Waiting for price reaction and a clear signal significantly reduces your trading risk.

XAU/USD Gold Technical Analysis: Testing the Demand Zone

Gold prices recently experienced a powerful bullish move on the 15-minute timeframe, followed by a sharp correction from the 4,690 to 4,695 range. Currently, the price is testing a critical demand zone, also known as an order block, between 4,615 and 4,625. This area acts as a focal point for scalpers navigating today’s market. For the latest market news updates regarding volatility, traders should monitor these support levels closely.

Gold Trading Scenarios

Market participants should pay close attention to two primary scenarios playing out within this price range:

Bullish Scenario: If the price sustains the 4,615–4,625 zone and forms a higher low, we anticipate a potential rebound toward the 4,670–4,675 level, with a possible breakout above 4,690. You can visit our website for further trading education and technical analysis reports.
Bearish Scenario: Should a 15-minute candle close decisively below the 4,615 support level, the short-term bullish outlook loses validity, opening the door for further downside movement.

Key Levels for Gold Traders

Identifying support and resistance zones remains vital for consistent trading success. According to the latest market source, traders should watch these specific levels:

Support Level: 4,615 to 4,625
Resistance Level: 4,670 to 4,675
Primary Resistance: 4,690 to 4,695

Final Recommendation: Avoid chasing the market. Instead, wait for clear confirmation within the demand zone. Exercising patience for a valid signal significantly mitigates your trading risk.