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XAU/USD Outlook – Will This Tight Range Explode Soon?🔥 XAU/USD Outlook – Will This Tight Range Explode Soon? 📊 Technical Overview: Gold (XAU/USD) has entered a consolidation phase after last week's sharp swings. The market is currently trapped within a tightening structure between 3,274 and 3,336, forming a potential wedge or triangle pattern. This type of structure often precedes a breakout. Price is still hovering below the 200 EMA on the H1 timeframe, while key support zones are starting to show signs of buying interest. A hold above 3,301 could lead to a potential rally toward the upper resistance levels at 3,352 – 3,366. 🔺 Key Resistance Levels: 3,336.767 3,352.159 3,357.689 3,366.067 🔻 Key Support Levels: 3,301.370 3,291.885 3,274.779 🎯 Trade Setups: 🔵 BUY ZONE: Entry: 3,274 – 3,276 SL: 3,270 TP: 3,284 – 3,291 – 3,301 – 3,336 🔴 SELL ZONE: Entry: 3,357 – 3,366 SL: 3,370 TP: 3,336 – 3,301 – 3,291 📰 Today’s Market Focus: No major economic data is expected today. However, markets may begin pricing in expectations ahead of this week’s key releases — ADP Employment Change and Nonfarm Payrolls (NFP). Geopolitical tensions in South Asia and statements from FED officials may act as surprise catalysts for gold volatility. 🧭 Conclusion: Gold remains stuck in a tight sideways channel. Traders should continue range trading while waiting for a confirmed breakout. A strong breakout above 3,366 or breakdown below 3,274 will set the tone for the next directional move. 👉 Trade smart and manage your risk. All eyes on U.S. data and geopolitical headlines!
OANDA:XAUUSDLong
by MMFlowTrading
> "Gold (XAU/USD) - Demand Zone Bounce Targeting 3500 "Current Price: $3,319.59 Indicator: 70 EMA at $3,324.95 ➡️ 📈 (still slightly above price = bearish pressure) --- Main Observations: 🔵 Demand Zone (📦 Buyers' Area): Between $3,253 - $3,280 Every time price dips here ➡️ buyers react! ✏️ Descending Trendline: ⬇️ Short-term trend is bearish Price is trying to break above it now (watch closely!) 🎯 Target Point: $3,500 🏹 (Big upside if breakout succeeds!) 🛡️ Stop-Loss: $3,253 🔥 (just below the demand zone = good protection) Trade Idea: ✅ Buy near demand zone 🔵 after breakout confirmation 📈 ✅ Target: $3,500 🎯 ✅ Stop-Loss: $3,253 🛡️ Quick Dots Summary: 🔵 Demand zone is strong (buyers defending) 🔻 Still under 70 EMA (bearish until breakout) ✏️ Watching for breakout of trendline = key signal 🎯 Massive Risk:Reward ratio if it works ⚡ If no breakout and price falls, stop-loss saves capital.
FOREXCOM:XAUUSDLong
by Jameshead007
GOLD PEAKS, BEARS PEEK IN - CORRECTION KICKS INSymbol - XAUUSD Gold, having recently reached the psychologically significant level of 3500, has entered a corrective phase. This movement was partially driven by a slight de-escalation in the trade tensions between the United States and China. Following a decline that did not reach the key support zone at 3288, gold prices began to rebound in early European trading hours, as market participants await the release of US PMI data. The precious metal had previously recorded an all-time high of 3500 but subsequently retreated, influenced by optimism surrounding potential easing in the US - China trade dispute. The US dollar has also shown signs of recovery amid this correction. However, investor confidence remains cautious due to concerns over the unpredictability of President Trump. During this period of uncertainty, gold continues to consolidate in a corrective pattern. Attention is now focused on the upcoming S&P Global PMI release, which may shape expectations for future adjustments in the US FED’s interest rate policy and influence the broader market direction. Key Resistance Levels: 3340, 3360, 3366 Key Support Levels: 3317, 3288 From a technical perspective, gold remains within a corrective structure, maintaining a bearish outlook. Nonetheless, any unexpected statements from Trump could trigger renewed speculative buying. At this stage, a potential pullback from the 3340-3366 resistance range is plausible. Long positions may be considered either on a confirmed retest of support levels or upon a decisive breakout and close above 3370
OANDA:XAUUSDShort
by akshit_official
(XAU/USD) 1H Chart – Bullish Reversal Setup from RBS + RBR Zone1. Current Price: $3,317.27 ● Price is currently in a downtrend after a recent high. ● EMA (9) is at $3,333.80 — acting as dynamic resistance. ⚠️ Watch for potential reversal! 2. Support Zone: 📦 Blue box marked as "RBS + RBR zone!" ● This is a key support area where price might bounce. ● RBS = Resistance Becomes Support ● RBR = Rally-Base-Rally ● Expecting buyers to step in here. 3. Trade Idea: ● Buy near $3,280 - $3,270 (inside the support box) ● Stop Loss: ❌ Below $3,258.00 ● Target: 🎯 $3,500.13 4. Risk-Reward Ratio: ● Target: 🟦 +205.62 points (6.25%) ● Stop: 🔻 Small risk below support ● Good R:R setup if price respects the zone! Scenario Summary 📉 Price is retracing ⬇️ Approaching strong support zone 📈 Possible bounce to $3,500 ✅ High-probability reversal area ❗ Manage risk with tight stop below zone
FOREXCOM:XAUUSDLong
by Jameshead007
"(XAU/USD) Bullish Setup: Demand Zone Bounce with 5.89% tgr ptnl🔵 Current Price: $3,451.03 🟡 EMA (9): $3,457.20 🔻 Price is just below EMA — short-term pressure. Zones & Key Levels: 🟦 Demand Zone: 🔽 Price bounced here before — strong buyer interest! 📍 Zone Range: * Top: $3,442.38 * Bottom (Stop Loss): $3,395.87 * 🔴 Stop Loss set here to limit risk. 🟨 Entry Point: * Entry suggested at $3,457.20 * Just above the current price and EMA — needs confirmation * ⚠️ Wait for bullish candle or price action signal above EMA 🟩 Target Point: 🎯 Target: $3,645 * 📈 Potential gain: +202.78 pts (5.89% upside) * 🚀 Aiming to break previous ATH (All-Time High) Visual Trade Plan Summary: * ✅ Buy Entry: $3,457.20 * ❌ Stop Loss: $3,395.87 * 🎯 Target: $3,645.00 * ⚖️ Risk-to-Reward: Solid, over 3:1 Sentiment: * If price respects demand zone and reclaims EMA — bullish setup * 🕵️‍♂️ Watch for volume or confirmation candle near entry
FOREXCOM:XAUUSDShort
by Jameshead007
XAUUSD/GOLD WEEKLY PROJECTION 20.04.25Buying Zone around the 1.618 Golden Ratio (3435.255) – A classic Fibonacci extension target indicating a strong potential reversal or take-profit zone. Price Movement Forecast: Price is expected to test the Immediate Support (S1) and bounce back. Resistance levels: R1, then R2 & New ATH (All-Time High). Take Profits (TP1 & TP2): Clearly marked targets for bullish momentum continuation. Candlestick Patterns: Fake Bearish Spinning Top Bullish Marubozu Fake Bearish Harami These patterns typically suggest false bearish signals and continuation of the uptrend.
OANDA:XAUUSDLong
by kripsonfx97
GOLD’S IN OVERDRIVE - MISSED THE TRAIN? WAIT FOR THE NEXT STOP!Symbol - XAUUSD CMP - 3330 Gold remains in a strong upward trend, consistently reaching new all-time highs. Entering a rapidly advancing market without sufficient opportunity to assess risk is inadvisable. Therefore, engaging in the current momentum without a confirmed technical setup is not recommended. A potential price correction ahead of upcoming US retail sales data and a speech by Federal Reserve Chair Jerome Powell may provide a more favorable environment to identify trading opportunities. The rally is being driven by several fundamental factors, including robust economic data from China, increased demand for safe-haven assets amid escalating geopolitical tensions, and trade uncertainties between the US and China. Further upward momentum is being supported by ANZ’s revised forecast, which projects gold prices could reach $3,600 by year-end. From a technical standpoint, the psychological resistance zone between $3330 and $3350 is of particular interest, where a pullback may be expected. The preferred strategy would be to await a correction toward local or intermediate support levels before considering long positions. Key Resistance Levels: 3330, 3350 Key Support Level: 3275, 3265, 3244 Given the strength of the prevailing bullish trend, breakout strategies above resistance levels may be effective. However, such an approach requires clear price consolidation, which is not currently present. Alternatively, a more prudent strategy would be to wait for a retracement, a confirmation of support, and then consider initiating long positions.
OANDA:XAUUSDShort
by akshit_official
2
"Gold Demand Zone Bounce – High R:R Long Setup!"📈 This is a bullish setup using a demand zone bounce strategy on the 15-minute timeframe. Key Zones & Levels 🔵 Demand Zone: The blue box is where price previously bounced strongly. Buyers are likely to step in again here. ✳️ Entry Point: 3,292.38 Just above the demand zone – a safe place to catch the next bounce. ⛔ Stop Loss: 3,280.93 Below the demand zone to protect against a breakdown. 🎯 Target Point: 3,345.09 Near a previous resistance area. Potential gain: +51.94 pts / 1.58% Indicators 🟡 EMA (7): Current value: 3,303.63 Price hovering around EMA = consolidation or setup for a bounce. Risk-Reward Calculation ⚠️ Risk: 11.45 points ✅ Reward: 52.71 points ⭐ Risk-Reward Ratio: ~4.6:1 Very favorable! Price Action Summary 📊 Strong uptrend into demand zone 🔁 Minor pullback = potential setup ✅ Ideal entry after bullish confirmation (e.g., bullish candle pattern) Conclusion This setup looks solid: ✅ Clear demand zone support ✅ High R:R ratio ✅ Clean target above Just wait for a bullish signal inside the zone and ride it up!
FOREXCOM:XAUUSDLong
by Jameshead007
"Gold on Fire: Demand Zone Bounce with Bullish Target Ahead! "Key Zones & Levels: Demand Zone 🔵 Area: 3099.36 – 3110 This is where buyers stepped in strongly before – price bounced up from here twice! Strong support zone! Resistance / Mini Consolidation ⚠️ Around 3125 – 3135 Price is hesitating here – needs to break this box for continuation. Target Point 🎯 Level: 3168.17 Based on previous highs – this is the bullish target zone! Stop Loss ❌ Level: 3099.36 Placed just below the demand zone to limit losses if price breaks down. Trade Idea Summary: Entry Zone: ✍️ 3110–3125 Stop Loss: ❌ 3099.36 Target: 🎯 3168.17 Risk-Reward Ratio: 5:1 ⭐️ (Great setup!) What to Watch For: ✅ If price holds above demand and breaks the mini consolidation, expect bullish continuation. ❌ If price drops below the demand zone, setup is invalid – risk of further decline.
OANDA:XAUUSDLong
by Jameshead007
Gold (XAU/USD) Breakout Setup – Bullish Reversal from RBR Zone!🔹 Trade Idea: Long (Buy) Setup 📈 Targeting a price rally from a demand zone! --- 🔵 .ENTRY ZONE (Buy Area) 🟦 Marked between 3,039.773 – 3,043.052 📍 Located in the RBS + RBR zone (Resistance becomes Support + Rally-Base-Rally) 💡 Price dipped here and bounced — showing bullish intent 🔻 .STOP LOSS 🚨 Placed at 3,014.537 🛡️ Protects you in case the price drops below the zone ✋ Risk is clearly defined here 🎯 .TARGET POINT (Take Profit) 🚀 Aiming for 3,115.910 💸 A high reward area if momentum continues 🔥 Great R:R ratio (~1:3) — solid risk/reward 📊 .Technical Confirmation 📌 Price has moved above the 9-period DEMA (3,043.052) ⚡ Signals bullish momentum 🕯️ Strong bullish candles forming after the bounce — confirming entry. 🔍 .Market Structure Notes ⬇️ Previous trend was down 🔄 Now forming a potential reversal 🧱 Support holding strong near 3,014–3,030 ✅ Summary: 💥 Buy idea from demand zone 🔝 Targeting new highs 🛑 Stop loss tightly managed ⚖️ Clean setup with momentum on your side
OANDA:XAUUSDLong
by Jameshead007
2
XAUUSD 1H SELL PROJECTION 08.04.25Instrument: Gold Spot / U.S. Dollar (XAUUSD) Timeframe: 1 Hour (1H) Current Price: ~$2,995.25 Projection Date: April 8, 2025 Analysis Type: Bearish/Sell Projection 📊 Technical Elements: 🔹 Trend Analysis: A 1H downtrend is marked with a descending trendline. Price previously broke a key support zone, retested it (now acting as resistance), and is expected to drop again. 🔹 Trade Setup: Entry: Near current price ($2,995.25) Stop Loss: Above Resistance R1 at $3,010.27 Take Profit Targets: TP1: At Support S1 (~$2,980) TP2: At Support S2 (~$2,957) 📈 Indicators: 📍 Stochastic Oscillator (5, 3, 3): Reading: 79.61 (green) and 80.17 (red) Interpretation: Just above 80 → Overbought Zone Signal: Potential reversal downwards 📍 Relative Strength Index (RSI - 14): Value: 44.84 Interpretation: Below neutral 50, not oversold Signal: Bearish momentum building 🧠 Conclusion / Strategy: The chart suggests a short/sell setup for XAUUSD. The price has retested the broken support (now resistance) and formed a rejection candle at the trendline. Indicators support a potential downward move (Stochastic overbought + RSI weak). Targeting lower supports for potential exit points.
FOREXCOM:XAUUSDShort
by kripsonfx97
GOLD FACES MAJOR PULLBACK: WILL IT BOUNCE BACK OR BREAK DOWN?Symbol - XAUUSD CMP - 3032 Gold is currently undergoing a significant liquidation phase, primarily driven by profit taking following last week's favorable market news. The market sentiment has been further pressured by the robust Non-Farm Payroll (NFP) report released on Friday. The economic risk landscape is showing signs of divergence. Following a decline in the Asian trading session, gold prices have rebounded, consolidating the earlier drop precipitated by the escalating trade tensions between the United States and China. Comments from Trump rejecting potential trade deals with China have heightened recession concerns, which, in turn, have increased expectations of a potential Federal Reserve rate cut. In this environment, gold has gained traction as a safe-haven asset, even amid rising dollar strength and climbing bond yields. However, the sustainability of gold's upward momentum remains uncertain due to ongoing profit-taking and the absence of new economic data from the United States. From a technical perspective, gold is consolidating under pressure near the support levels of 3017-3013, with a descending triangle pattern forming on the local timeframe. Resistance Levels: 3033, 3057 Support Levels: 3017, 3013, 2981 Given the current market dynamics and the strong pressure exerted on prices, two scenarios appear plausible: A breakdown below the support range of 3017-3013, should the descending triangle structure on the local timeframe persist. In this case, the next targets for support are 3000 and 2981 Alternatively, the price could consolidate within the range, with potential targets of 3057, 3033, and 3013, reflecting a phase of consolidation following the sharp decline and liquidation.
OANDA:XAUUSDShort
by akshit_official
XAUUSD Next Move 2800 ? 🪙 FUNDAMENTALS: ✅China on Friday struck back at the U.S tariffs imposed by Trump with a slew of counter-measures including extra levies of 34% on all U.S. goods and export curbs on some rare-earths, deepening the trade war between the world's two biggest economies. ✅ More than 50 nations have reached out to the White House to begin trade talks since Trump rolled out sweeping new tariffs, top officials said on Sunday as they defended levies that wiped out nearly $6 trillion in value from U.S. stocks last week. ✅ Federal Reserve Chairman Jerome Powell said tariffs increased the risk of higher inflation and slower growth, highlighting the difficult path ahead for policymakers at the U.S. central bank ________________________________________ 🔍 4H Hour Timeframe Analysis 📊 Trend & Price Action : • Previous Trend: Clear uptrend inside a rising channel (marked by red lines). • Recent Price Movement: Price broke down below the ascending channel, signaling trend weakness or possible reversal. • Strong bearish candles show increased selling pressure recently. 📉 Key Technical Levels: • Support Zone: Around $2,979–$2,957 (green and grey lines) — price bounced here, showing buyer interest. • Resistance Zone: Around $3,057–$3,077 — a previous support zone now acting as resistance after the breakdown. • Moving Averages: o Red Line (likely 50 EMA): Recently broken down, now acting as dynamic resistance. o Blue Line (likely 200 EMA): Around $2,990, price tested and bounced — this is often a key support in a trend. 🧠 Interpretation: • Price broke structure (channel and EMAs), signaling a shift from bullish to bearish bias. • The bounce from the 200 EMA and support zone suggests a potential short-term retracement or consolidation. • If price fails to reclaim $3,057–$3,077, sellers may re-enter. ________________________________________ 🔍 15-Minute Timeframe Analysis 📊 Trend & Price Action: • Sharp intraday recovery from the low of around $2,957 to the current $3,033. • But price is now facing resistance from a supply zone (highlighted in red). • You’ve marked an Order Block (OB) around $3,125–$3,140 — a zone where institutional selling might have started. 📉 Key Levels: • Resistance Zones: o $3,076 (blue line) – likely 200 EMA, strong resistance. o $3,057–$3,076 – supply area and previous breakdown zone. o Order Block (OB) near $3,125–$3,140 – strong institutional resistance zone. • Support Zones: o $3,000, $2,978, and $2,957 – these are lower supports where price previously bounced. 🧠 Interpretation: • Short-term, the price is retracing from a heavy drop. • Watch how price behaves at $3,057–$3,076: o Rejection = possible short setup. o Break & close above = retracement could continue toward OB ($3,125). • The OB is a potential reversal zone, where price could get heavily rejected if tested. ________________________________________ 📌 Beginner Takeaways: Trend is weakening – the uptrend broke, and the market is forming lower highs and lower lows. Price is trying to recover from key support zones but facing resistance overhead. Volume is increasing near support — shows interest from buyers but not a confirmed trend reversal yet. The Order Block is a great place to watch for reversal trades (supply zone = potential sell). ________________________________________ ✅ Suggested Actions for Practice: Mark key support/resistance zones on your own chart to develop your structure-reading skills. Scenario 1: Short if price rejects at $3,057–$3,076 zone. Scenario 2: Long only if price closes above $3,077 and holds support. Observe how price behaves near moving averages and OB zones . ________________________________________ 👉 Always follow TP/SL to protect your capital and maximize profits! Disclaimer: This is for educational purposes only. Always trade responsibly and manage your risk effectively
OANDA:XAUUSDShort
by silverwolftraders029
Gold Price Analysis:Key Supply & Demand Zones with Potential Bkl🔥 Key Levels & Zones 🔵 Supply Zone (3,135-3,140 USD) 📉 Acts as resistance where selling pressure increases. If price reaches here, expect a potential pullback. 🟢 Demand Zone (3,085-3,095 USD) 📈 Strong support area with buying interest. Price has tested this zone multiple times = accumulation. 🎯 Target Point (~3,167 USD) 🚀 If price breaks out, it may rally towards this level! ❌ Stop Loss (~3,080 USD) ⛔ Marked below demand zone to limit risk. --- 📊 Trend Analysis 🔹 Trend Line Break ⚡ The price broke the previous uptrend = potential reversal or deeper correction. 🔹 Market Structure 🏗️ Price consolidating inside the demand zone = possible bullish move ahead. 🔹 Double Bottom Formation (DBF) at Supply Zone 🔄 Shows failed breakout attempts = strong resistance. --- 🔍 Indicators & Insights 📌 DEMA (9 close) at 3,099 USD 📈 Price hovering around this moving average = market indecision. --- 🚦 Possible Scenarios ✅ Bullish Scenario: If price holds the demand zone & breaks above 3,110 USD, it could rally to supply zone (~3,135 USD). A breakout above 3,140 USD could lead to the target zone (~3,167 USD) 🚀. ❌ Bearish Scenario: If price breaks below 3,085 USD, it may hit stop loss (3,080 USD) and continue lower. --- 🎯 Trading Plan 🟩 Long Entry ➡️ Around 3,090-3,100 USD 📊 🛑 Stop Loss ➡️ Below 3,080 USD 🚨 🎯 Target ➡️ 3,135-3,167 USD 🎉
FX:XAUUSDLong
by Jameshead007
Gold (XAU/USD) Bullish trend Demand Zone – Trend Analysis🔵 Demand Zone (Support Area): This blue zone represents a strong buying area where buyers are expected to step in. If the price touches this zone and bounces, it confirms bullish strength. 📉 Trend Line Break: The previous trendline has been broken ⛔, signaling a possible retest before a move up. 🛑 Stop Loss (Risk Management): Positioned at 3,108.52 🔴, meaning if the price drops below this, the trade setup becomes invalid. 🎯 Target Point (Take Profit Level): 3,167.77 ✅ is the potential profit zone if the price moves upward from the demand area. 🟠 Expected Price Movement: The orange dotted line 🔶 suggests a likely move: 1. Price dips into the demand zone (🔵). 2. Bounces back up 🔄. 3. Breaks minor resistance 🟦. 4. Rallies to the target zone 🎯. Overall, bullish movement 📈 is expected if the demand zone holds! 🚀
FX:XAUUSDLong
by Jameshead007
Gold (XAU/USD) : Bullish Setup with Key Demand Zone🔹 Trend Line & Demand Zone 📈 * The trend line shows an upward trend. 🚀 * The demand zone 🟦 acts as strong support, where buyers are likely to step in. 🔹 Price Action 🔍 * Price is bouncing off the demand zone ➡️ Bullish Signal 📊🔥 * Higher lows forming, indicating potential upward momentum. 🔹 Trade Setup 🎯 ✅ Entry Point: Near the demand zone 🟦 ❌ Stop Loss: 🔽 3,099.26 (Below demand zone) 🎯 Target Point: ⬆️ 3,148.58 (Key resistance area) 🔹 Expected Movement 🏆 * A slight pullback 📉 before a strong push up 📈💪 * If price holds the demand zone, 🚀 potential rally ahead! 🔹 Risk-to-Reward Ratio ⚖️ * Favorable trade setup ✅ High reward, controlled risk 🎯 🔹 Final Verdict 🔥 📊 Bullish Bias ✅ As long as demand zone holds! 🚨 Warning: If price breaks below 3,099.26, expect further downside!
FX:XAUUSDLong
by Jameshead007
1
Gold Hits Another Record II U.S. Tariff Plan II Daily Analysis🔥 Fundamental Analysis : ⚡Gold rose to $3,164 per ounce, a new record high as risk aversion increased following President Trump's tariff announcement. ⚡Trump outlined a 10% baseline tariff on imports from all countries, with higher rates for nations with trade surpluses, including China (34%), the EU (20%), and Japan (24%), and a 25% tariff on foreign-made automobiles. ⚡ All eyes are on the U.S. non-farm payrolls report, due Friday, for further clues on the Federal Reserve's monetary policy path. Technical Analysis: 1. New All-Time High: The price reached 3,168 USD, marking a new all-time high. However, the price has slightly retraced after hitting this level. 2. Fibonacci Levels: • 1st Fib Level: 3,183 USD – Potential resistance. • 2nd Fib Level: 3,206 USD – Further resistance if the bullish momentum continues. 3. Support & Resistance Zones: • Green Zone (~3,135 - 3,138 USD): Previously a resistance, now acting as support. • Another support near 3,124 USD. • Resistance Levels: • 3,168 USD: (All-time high) – If broken, could push the price towards the Fibonacci targets. 4. Moving Averages: • Red Line (Likely 50 EMA): Trending upwards, supporting price action. • Blue Line (Likely 200 EMA): Positioned lower, indicating that the trend remains bullish as long as price stays above. 5. Trend Analysis: • Bullish Breakout: The price broke out of a previous range and surged to a new high. • Potential Retest: Price might revisit the 3,135 - 3,138 support zone before another leg up. Trading Considerations: • Bullish Case: If price consolidates above 3,135-3,138, it could retest 3,168 and move towards 3,183 or 3,206. • Bearish Case: A break below 3,135 could push price back towards 3,124 or lower. • Risk Management: Place stop losses below key support zones if entering long positions. 👉 Always follow TP/SL to protect your capital and maximize profits! Stay tuned for updates once the confirmations are in place! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! 📢Best Regards , Silver Wolf Traders Community Disclaimer: This is for educational purposes only. Always trade responsibly and manage your risk effectively
OANDA:XAUUSD
by silverwolftraders029
GOLD - BULLISH STRUCTURE INTACT II Trump's tariff plansFundamental Key points: ⚡Gold hangs near record high on safe-haven flows ⚡Currency market muted ahead of reciprocal tariffs ⚡Investors brace for Trump's levies 🔎 Technical Analysis: Key Observations: 1. Market Structure: o The price is in an uptrend overall, following a parallel channel (1H chart). o Short-term retracement after testing a resistance level (~$3,138 - $3,149). 2. Support & Resistance Levels: o Resistance Levels (Sell Zone):  $3,138.87 → Previous high/resistance.  $3,149.05 → Major resistance, potential reversal zone. o Support Levels (Buy Zone):  $3,122.61 - $3,114.86 (Order Block - OB) → Strong demand zone.  $3,100.93 → Strong support level, potential bounce area.  $3,065.23 - $3,058.33 → Major support on the 1H chart. 3. POI (Point of Interest) Level: o The price is currently at the POI level (~$3,130-$3,132), which is acting as a temporary resistance. 4. Moving Averages & Trend Confirmation: o 50 EMA (Red Line) on 1H chart is acting as support (~$3,114). o 200 EMA (Blue Line) below, confirming a strong bullish trend. ________________________________________ Trade Plan: 🔹 Buy (Long) Setups: 1. Entry Zone: o $3,122 - $3,114 (OB Zone) o $3,100 - $3,110 (Major Support) o $3,065 - $3,058 (Strong Support, 1H Chart) 2. ⭐ Confirmation: o Price showing bullish rejection at support levels. o 50 EMA Holding Support 3.🎯Target: 🎯TP1: $3,138 🎯TP2: $3,149 4. ❌Stop Loss (SL): o Below $3,100 (to avoid deeper pullback risks). ________________________________________ 🔹 Sell (Short) Setups: 1. ✔Entry Zone: o $3,138 - $3,149 (Major Resistance Zone) o If price struggles to break above $3,138 and shows reversal patterns, it’s a potential short. 2. 📌Confirmation: o Rejection wicks at resistance o Break below POI Level ($3,130) 3. Target:🎯 🎯 TP1: $3,122 🎯 TP2: $3,114 4. Stop Loss (SL): o Above $3,150 (to avoid fake breakouts). ________________________________________ 📢 Conclusion: • Bullish Bias: Until price breaks below $3,114. • Ideal Buy Zone: $3,122 - $3,114 • Sell Only Near Resistance: $3,138 - $3,149
FOREXCOM:XAUUSDLong
by silverwolftraders029