XAUUSD Technical Analysis and M15 Trading Strategy
XAUUSD Technical Analysis and M15 Trading Strategy
Currently, the price of gold (XAUUSD) fluctuates around $4285, trapped between two significant liquidity zones. These ranges include the Equal Highs (EQH) at $4318.91 and the Equal Lows (EQL) at $4244.54. To better understand market movements, we suggest you review the related market headlines.
Assessing the Current Gold Market
After hitting the supply zone between $4310 and $4320, the price faced negative pressure from sellers. A subsequent attempt to rally stalled near $4298, signaling short-term dominance by the bears. As long as gold prices remain below the $4298 to $4303 range, the bearish trend holds more strength. You can visit our website for expert analysis and trading reports.
Proposed Trading Strategy
Traders should set the SELL scenario with an entry around $4285.21, a stop-loss at $4319.89, and a final target at $4215.76. To confirm this strategy, watch for the following conditions:
- The 15-minute (M15) candle must close below the $4279 level.
- A definitive breakdown of the $4273.54 support level.
Until these levels break, the $4279-$4273 zone may act as support, causing temporary price bounces. For more insights, check the news source.
Key Levels to Monitor
Once a breakout is confirmed, monitor the following levels for trade management:
- The $4253 level as intermediate support.
- The EQL zone at $4244.54 and the previous day’s low at $4243.96.
- The final target at $4215.76, accessible after liquidity at the lows is swept.
If gold reclaims the $4303 level and returns to the $4310-$4320 supply zone, the sell scenario weakens. In that case, the market focus will shift toward the Equal Highs (EQH) liquidity at $4318.91. Always remember that in the forex market, probabilities often outweigh certain predictions.
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