This chart shows a potential bullish setup for Gold (XAUUSD) on

This chart shows a potential bullish setup for Gold (XAUUSD) on the 15-minute timeframe, with some key technical elements and a projected trade idea. Here's a breakdown of the analysis:

1. Current Market Overview
Price: Trading around $3,038.51.

Trend: Recent downtrend followed by a minor recovery.

Indicators:

EMA 200 (Blue): Currently at $3,090.41, acting as a dynamic resistance.

EMA 30 (Red): Positioned below the EMA 200, indicating a still bearish trend but with potential for a pullback.

2. Key Zones & Labels
Limit Entry Zone: Highlighted around $3,025.72 (bottom purple zone)

Labeled as “LIMIT ENTRY”, indicating a potential buy entry.

This area corresponds with a fair value gap (fvg) — often used in smart money concepts as a sign of institutional interest.

Target Zone: Around $3,082.22 (top purple zone)

Labeled as “target point EA”.

Lies just below the EMA 200 resistance level, which is a likely take-profit area for a bullish move.

3. Projected Price Action
A possible bullish retracement is anticipated:

Dip into the limit entry/fvg zone at ~$3,025.

Then, a rally targeting the $3,082 zone, possibly extending toward the EMA 200 at ~$3,090.

4. Trade Setup (Based on the Chart)
Entry: Around $3,025.72 (limit buy)

Target: Between $3,082.22 - $3,090.41

Risk: Likely below the FVG zone (~$3,015–$3,020), depending on risk appetite.