XAU/USD Short Opportunity: Watching for Support Break 15 min
Gold (XAU/USD) is testing a support zone (marked in green) on the 15-minute chart. If we see a clear breakdown of this level, the next target is our lower support zone, where buyers could potentially step back in.
For those in short positions, consider reducing exposure if the price returns to this zone, as it may present a bounce opportunity. Watch for confirmation before considering any long entries.
For those in short positions, consider reducing exposure if the price returns to this zone, as it may present a bounce opportunity. Watch for confirmation before considering any long entries.
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WiVERIDERS
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.