Gold XAUUSD Intra-day Move 21.02.2025

Feb 21

Gold (XAU/USD) 30-Minute Chart - Intraday Trading Analysis & Signal
📊 Market Structure & Key Levels:
Uptrend in Play: Gold has been respecting an ascending trendline since $2,880, indicating continued bullish sentiment.
Current Support Zone: $2,923 - $2,925, aligning with multiple trendlines and horizontal support.
Resistance Levels to Watch:
$2,950 - $2,955 (first resistance zone)
$2,970 - $2,975 (major resistance and target)
Breakdown Scenario: If gold fails to hold $2,923, we could see a drop toward $2,905 - $2,898.

📈 Intraday Trading Signal for XAU/USD:
✅ Buy Entry: $2,923 - $2,925 (If price holds this support zone and shows bullish reaction)
🎯 Take Profit (TP1): $2,950
🎯 Take Profit (TP2): $2,970
🛑 Stop Loss (SL): Below $2,915

📌 Alternative Scenario (Sell Setup)
❌ Sell Entry: Below $2,922 (If price breaks below support and trendline)
🎯 Take Profit (TP1): $2,905
🎯 Take Profit (TP2): $2,898
🛑 Stop Loss (SL): Above $2,935

🕵 Confirmation Checklist Before Entering Trade:
✅ Bullish Rejection from $2,923 - $2,925 for Buy
✅ Bearish Breakdown Below $2,922 for Sell
✅ Volume Surge in Direction of Trade
✅ DXY (Dollar Index) Weakness for Bullish Gold

⚠ Risk Management & Trade Tips:
Move SL to breakeven after TP1 is hit.
If price closes below $2,922, invalidate buy trade and switch to short setup.
Monitor news events impacting USD for volatility.
🚀 Trade with discipline, and let the market confirm the move! 🔥

FOLLOW, COMMENT AND LIKE.

Feb 21

Trade active

Trade is running for 120+ pips as of now, take partials and trail with SL.