Short Description (XAUUSD – 15m)
Price is trading inside a rising channel and has reached a key **resistance (~4,580)** where rejection is visible. Momentum is weakening with lower highs forming near the top of the channel.
A short-term pullback is expected, with price likely to retrace toward the **support zone (~4,515 – 4,520)**. This aligns with previous structure and demand.
Bias shifts **bearish below resistance**, favoring a correction from premium levels.
**Invalidation:** Strong breakout and hold above 4,585.
Price is trading inside a rising channel and has reached a key **resistance (~4,580)** where rejection is visible. Momentum is weakening with lower highs forming near the top of the channel.
A short-term pullback is expected, with price likely to retrace toward the **support zone (~4,515 – 4,520)**. This aligns with previous structure and demand.
Bias shifts **bearish below resistance**, favoring a correction from premium levels.
**Invalidation:** Strong breakout and hold above 4,585.
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Risk management tips to protect your capital
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What You'll Get
Daily Forex signals with high accuracy
Technical & fundamental analysis
Risk management tips to protect your capital
Join now and start winning
t.me/+4ZrcWOlv--0xOTg0
Daily Forex signals with high accuracy
Technical & fundamental analysis
Risk management tips to protect your capital
Join now and start winning
t.me/+4ZrcWOlv--0xOTg0
Related publications
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.