📉 Gold Intraday Outlook (M15) – by MJ Forex Academy
Gold is currently bearish on the M15 timeframe, setting the intraday bias to the downside. Today’s U.S. CPI release will be a decisive event and could trigger strong moves. Until then, these levels are important to watch:
🔻 Sell Setup (Preferred Scenario)
Entry Zone: 3636 – 3642 (supply zone, SBR flip, order block)
Stop Loss (SL): Above 3653
Take Profit (TP): 3622 – 3618 (demand / liquidity pool)
Risk-Reward: ~1:2.5
Probability of TP Hit: ~70%
Reasoning: Structure remains bearish, VSA shows selling pressure at EMA rejection, sellers defending the zone.
🔺 Buy Setup (Scalp / Countertrend)
Entry Zone: 3635 (only after liquidity grab & rejection confirmation)
Stop Loss (SL): Below 3614
Take Profit (TP): 3645 (return to supply zone)
Risk-Reward: ~1:2
Probability of TP Hit: ~55%
Reasoning: Possible short-covering bounce, but against overall bearish bias. Scalping only.
⚠️ Disclaimer: We are not financial advisors. This outlook is for educational purposes only, based on experience and available data. Always do your own research before trading, as financial markets carry a high level of risk.
⚠️ Note: Risk per trade should not exceed 0.5% of account capital. CPI data could cause volatility spikes, so be ready for fast moves.