📊XAU/USD Price Action Update – May 2, 2025
🔹Current Price: 3,256.19
🔹Timeframe: 15M

📌Key Supply Zone (Resistance):
🔴3266.8–3272.7 – Major Intraday Supply Zone (expect potential rejection)

📌Key Demand Zones (Support):
🟢3249–3252 – Minor Reaction Zone (watch for quick scalps)
🟢3242.7–3244.5 – Clean Rally Base Rally (intraday long setup zone)
🟢3227.73–3231.70 – Higher Probability Demand (stronger bounce expected)

📈Bullish Outlook:
Gold has tapped into the supply zone and pulled back. If it holds above 3249, we may see a reattempt toward 3266+. A strong bullish candle from any of the green zones could trigger a continuation rally.

📉Bearish Outlook:
If the price breaks below 3242, it could fall into deeper demand around 3231. Watch for bearish engulfing candles or BOS from supply for short setups.

⚡Trade Setup Tip:
✅Look for entry confirmations at 3242.7 or 3227 zones
✅Target highs near 3266 with partial exits along the way
✅Use clean SL placements below demand wicks for control

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