Gold Spot (1D): Base Formed at Multi-Month Support | Bullish Expansion Ahead
XAUUSD Macro Setup: Order Block Defense and Projected Parabolic Run
Instrument: Gold Spot / U.S. Dollar (XAUUSD / FOREX.COM)
Timeframe: Daily (1D)
Bias: Bullish
Market Overview & Setup Logic
Gold has completed a classic accumulation phase following an extended correction into major monthly support (1M). The engineered downside sweep successfully purged sell-side liquidity before price reclaimed the short-term baseline, confirming strong institutional demand at the lows.
Support & Accumulation: Price stabilized at the multi-month base, printing higher lows and breaking above immediate structural resistance with clean momentum.
Retest & Entry (ENT): The current pullback into the newly flipped demand level and moving average confluence offers an optimal risk-to-reward long positioning zone, with risk defined below the structural invalidation level (OCL).
Price Projection: A confirmed hold above the current reaction zone opens the gates for expansion through intermediate liquidity pools toward previous range highs, paving the way for a macro continuation rally.
Key Levels to Watch
Entry Zone: Around the current support base / dynamic MA retest ($4,200 – $4,290 region)
Invalidation / Stop: Structural break below key support (OCL / recent swing low)
Targets:
TP 1: Recent local swing high ($4,540 – $4,600)
TP 2: Prior macro resistance ($4,700+)
Macro Target: Projected extended expansion toward all-time highs
Risk Management Note: Always manage your leverage and adhere to your personal trading plan. Not financial advice.
XAUUSD Macro Setup: Order Block Defense and Projected Parabolic Run
Instrument: Gold Spot / U.S. Dollar (XAUUSD / FOREX.COM)
Timeframe: Daily (1D)
Bias: Bullish
Market Overview & Setup Logic
Gold has completed a classic accumulation phase following an extended correction into major monthly support (1M). The engineered downside sweep successfully purged sell-side liquidity before price reclaimed the short-term baseline, confirming strong institutional demand at the lows.
Support & Accumulation: Price stabilized at the multi-month base, printing higher lows and breaking above immediate structural resistance with clean momentum.
Retest & Entry (ENT): The current pullback into the newly flipped demand level and moving average confluence offers an optimal risk-to-reward long positioning zone, with risk defined below the structural invalidation level (OCL).
Price Projection: A confirmed hold above the current reaction zone opens the gates for expansion through intermediate liquidity pools toward previous range highs, paving the way for a macro continuation rally.
Key Levels to Watch
Entry Zone: Around the current support base / dynamic MA retest ($4,200 – $4,290 region)
Invalidation / Stop: Structural break below key support (OCL / recent swing low)
Targets:
TP 1: Recent local swing high ($4,540 – $4,600)
TP 2: Prior macro resistance ($4,700+)
Macro Target: Projected extended expansion toward all-time highs
Risk Management Note: Always manage your leverage and adhere to your personal trading plan. Not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.