π XAU/USD Price Action Update β May 20, 2025
πΉCurrent Price: 3,212.51
πΉTimeframe: 15M
π Key Demand Zones:
π’ 3210β3215 β Immediate bounce zone; price currently reacting after multiple rejections
π’ 3195β3197 β Fresh untouched demand; possible deep pullback area if current support breaks
π Key Supply Zone:
π΄ 3254β3265 β High probability sell zone formed after clear rejection; watch for reversal patterns on retest
β οΈ Scenarios:
1οΈβ£ Reclaim 3220+ with bullish candles may drive price back to test the 3254+ supply zone
2οΈβ£ Failure below 3210 opens downside sweep toward 3195β3197 zone
π FXFOREVER Insight:
β
Structure is still valid for scalping both ways
β
Wait for 5M CHoCH / BOS confirmations
β
Trade from zone-to-zone with tight stops
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