Looking at the XAUUSD 30-minute chart, we have seen a solid pullback right into our primary support and demand zone between 4,273 and 4,278.
Price is showing signs of stabilization and rejection of lower prices around this level, so I am starting a LONG position right here at 4,285.
Here is the breakdown of the game plan:
📈 The Setup: Buying the bounce off the 30m support block. As long as we hold above 4,270, the bullish structure remains intact for a push back toward local highs.
🟢 Entry: 4,285.00 (Current market price)
🎯 Target 1: 4,305.62 (First major resistance)
🎯 Target 2: 4,325.42 (Mid-range structural resistance)
🎯 Target 3: 4,357.79 (Hitting those ultimate Bull Targets! 🎯)
🚫 Invalidation / Stop Loss: 4,270.00. A 30m candle close below this level breaks our support block and invalidates the long thesis.
The risk-to-reward is looking great on this one. Let's see if the buyers step in with volume to push us back up!
What are your thoughts on Gold today? Are you joining the bulls here or looking for a deeper correction? Let me know in the comments below!
Price is showing signs of stabilization and rejection of lower prices around this level, so I am starting a LONG position right here at 4,285.
Here is the breakdown of the game plan:
📈 The Setup: Buying the bounce off the 30m support block. As long as we hold above 4,270, the bullish structure remains intact for a push back toward local highs.
🟢 Entry: 4,285.00 (Current market price)
🎯 Target 1: 4,305.62 (First major resistance)
🎯 Target 2: 4,325.42 (Mid-range structural resistance)
🎯 Target 3: 4,357.79 (Hitting those ultimate Bull Targets! 🎯)
🚫 Invalidation / Stop Loss: 4,270.00. A 30m candle close below this level breaks our support block and invalidates the long thesis.
The risk-to-reward is looking great on this one. Let's see if the buyers step in with volume to push us back up!
What are your thoughts on Gold today? Are you joining the bulls here or looking for a deeper correction? Let me know in the comments below!
Transaction en cours
Note
If your following 30m time frame so now is time to enterNote
Lets see major move comes now as i thinkTrade fermée manuellement
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.