π XAU/USD Price Action Update β May 16, 2025
πΉCurrent Price: 3,225.12
πΉTimeframe: 15M
π Key Supply Zone:
π΄ H4 F++++++ Zone β Strong selling area triggered a sharp drop from the highs; price now retesting lower supply at 3,228β3,231.
π Key Demand Zones:
π’ 3187β3192 β Target demand zone; potential bounce area marked by prior accumulation
π’ 3168β3172 β Deeper demand; high-probability reversal zone if price extends lower
β‘οΈBearish Play in Progress:
Price rejected cleanly from H4 supply and is forming a lower high. If 3,228 fails to break, continuation toward 3190s is likely.
π FXFOREVER Insight:
β
Lower timeframe structure shifting bearish
β
Watch for M15 confirmation below 3,222 for short entries
β
Monitor price behavior at 3187β3192 zone for reaction/bounce setups
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