Technical Analysis of Gold Spot (XAU/USD) – March 19, 2025, 15-M

Trend Identification:
Gold has been in a strong uptrend, as indicated by the 200-period moving average (blue line) sloping upwards.
However, the price is now rejecting key resistance levels around $3,032–$3,035, signaling possible consolidation or a short-term pullback.
A potential trend shift is forming, with price attempting to break out of its rising channel.
Support & Resistance Levels:
Immediate Resistance: $3,032–$3,035 (recent highs and POC zone).
Major Resistance: $3,050–$3,070 (next psychological and technical resistance).
Immediate Support: $3,020 (lower boundary of the descending channel).
Key Support: $3,010 (previous breakout zone & strong demand area).
Chart Patterns & Market Structure:
The ascending channel broke down, leading to a shift in short-term momentum.
A descending channel (red) is forming, suggesting potential for further downside in the short term.
Volume Profile (VPVR) shows a concentration of liquidity at $3,032–$3,035, indicating a strong supply zone where sellers are active.
Trade Setup & Risk Management:
📈 Bullish Trade Setup (Bounce from Key Support Zone)
Entry: Buy near $3,010–$3,015 if price stabilizes.
Stop-Loss: Below $3,000 (psychological and structural support).
Target 1: $3,032 (POC & resistance).
Target 2: $3,050–$3,070 (major resistance).
Risk-Reward Ratio (RRR): ~1:3
📉 Bearish Trade Setup (Short from Resistance Zone)
Entry: Sell near $3,032–$3,035 if rejection occurs.
Stop-Loss: Above $3,040.
Target 1: $3,020 (mid-level support).
Target 2: $3,010 (key demand zone).
RRR: ~1:2
Risk Management & Position Sizing:
Risk only 1-2% of capital per trade to manage exposure.
Adjust position size based on stop-loss distance to maintain a consistent risk profile.
Watch for volume confirmation before entering trades for better accuracy.