📊XAU/USD Price Action Update – May 9, 2025
🔹Current Price: 3,323.27
🔹Timeframe: 15M
📌Key Demand Zones (Support):
🟢3297.82–3306.95 – Short-term bullish demand zone
🟢3269.60–3277.58 – Previous accumulation block
🟢3222.9–3226 – Higher Timeframe Demand (major reaction zone)
📉Bearish Scenario:
Price recently rejected from upper supply and is now hovering just above intraday support. A clean break below 3297 zone could trigger further downside into 3269 or even 3222. Watch lower timeframe BOS for short setups.
📈Bullish Scenario:
If price finds support above 3306, a potential bounce could push back toward 3330–3345 short-term. Confirmation required on 5M/15M for re-entry.
⚠️Strategy Note:
✅Wait for reaction from green zones
✅Use BOS or engulfing for confirmation
✅Tight SL below structure; TP depends on momentum
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