Gold (XAUUSD) is currently in a broader downtrend, but recent price action on the 15-minute chart suggests a liquidity grab in the form of a fake uptrend structure. The price is forming higher highs and higher lows, but it is still failing to break the key resistance zone between 3340.130 – 3343.433, as marked in the chart.
This zone is a critical supply area, and a strong breakout and retest above this range would indicate a potential shift from bearish to bullish sentiment.
Until that breakout happens, any upward move is likely to be a liquidity trap, aimed at trapping late buyers before resuming the downtrend.
Trade Idea:
Sell zone: Below 3340
Stop loss: Above 3345
Target 1: 3300
Target 2: 3270
Only consider a buy entry after a confirmed break and close above 3345 with a retest.
This zone is a critical supply area, and a strong breakout and retest above this range would indicate a potential shift from bearish to bullish sentiment.
Until that breakout happens, any upward move is likely to be a liquidity trap, aimed at trapping late buyers before resuming the downtrend.
Trade Idea:
Sell zone: Below 3340
Stop loss: Above 3345
Target 1: 3300
Target 2: 3270
Only consider a buy entry after a confirmed break and close above 3345 with a retest.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.