Gold (XAU/USD) M15 Chart Analysis 🟡
We’ve got a tight triangle consolidation forming with equal highs around 2655 and higher lows creeping up. This setup signals buyers are gradually stepping in, but sellers are still holding the line at resistance.
Key Levels to Watch:
Resistance: 2655 🚀 — A breakout here with volume could send price to the 2665-2670 zone.
Support: 2640 🛑 — If it breaks, we might see a dip towards 2630.
Volume Note:
Volume is shrinking as price coils—classic pre-breakout behavior. Keep an eye on which side gives way first; volume confirmation is key.
Trade Idea:
Long: Break and close above 2655 ✅
🎯 Target: 2665-2670
🛑 Stop: Below 2640
Short: Break below 2640 ❌
🎯 Target: 2630
🛑 Stop: Above 2655
Conclusion:
Buyers look stronger with those higher lows, but don’t jump in blind—wait for the breakout and volume confirmation! 📊
We’ve got a tight triangle consolidation forming with equal highs around 2655 and higher lows creeping up. This setup signals buyers are gradually stepping in, but sellers are still holding the line at resistance.
Key Levels to Watch:
Resistance: 2655 🚀 — A breakout here with volume could send price to the 2665-2670 zone.
Support: 2640 🛑 — If it breaks, we might see a dip towards 2630.
Volume Note:
Volume is shrinking as price coils—classic pre-breakout behavior. Keep an eye on which side gives way first; volume confirmation is key.
Trade Idea:
Long: Break and close above 2655 ✅
🎯 Target: 2665-2670
🛑 Stop: Below 2640
Short: Break below 2640 ❌
🎯 Target: 2630
🛑 Stop: Above 2655
Conclusion:
Buyers look stronger with those higher lows, but don’t jump in blind—wait for the breakout and volume confirmation! 📊
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