This chart shows the 15-minute timeframe of Gold (XAU/USD) using Smart Money Concepts such as CHoCH (Change of Character), BOS (Break of Structure), and Order Blocks. A potential "Weak High" has been marked, suggesting a possible price rejection from that area. The projection indicates a bearish move towards the 3,382.276 and 3,378.766 levels. A demand zone is also highlighted below, which could act as support. Currently, the price is near a resistance zone after a bullish move, indicating a potential short-term pullback.
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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.