Gold analysis, May 30, 2025
gold on the M15 time frame In terms of price action and candlesticks, there are a number of interesting signals. Before the price breakout upwards, we see a series of small candles with long tails, indicating market uncertainty and the presence of offsetting buying and selling pressures. However, what is striking is the emergence of one relatively large bullish candle that managed to bring the price above the moving average.
Buy entry can be considered around the current price or at a mild retracement approaching the green support area (around 3290?3292), especially if a bullish candlestick pattern or positive price action such as a hammer, bullish engulfing, or pin bar reappears in the area. top loss should be placed below the green zone, for example in the 3284?3286 area. The first profit target can be placed around the minor resistance of 3308?3310.
