Gold (XAUUSD) Intraday Long Setup – Momentum Reversal from Demand Zone
After a sharp sell-off, Gold has found support near the 3144 demand zone, which coincides with a high-volume node on the VPVR and signs of momentum shift on the SQZMOM indicator.
📍 Entry: 3,144.165
🎯 Target: 3,197.515
🛑 Stop Loss: 3,118.736
📊 Risk/Reward Ratio: 2.13
⏱️ Estimated Duration: 12 hours
🔍 Technical Confluence:
High-Volume Support: Strong buyer interest around the 3140–3150 range (visible on VPVR).
Momentum Shift: SQZMOM histogram shows slowing bearish pressure, hinting at a short-term reversal.
Price Action: Bullish engulfing candle forming near session low with volume spike.
Target Zone: Prior resistance near 3,197 is the next supply zone.
After a sharp sell-off, Gold has found support near the 3144 demand zone, which coincides with a high-volume node on the VPVR and signs of momentum shift on the SQZMOM indicator.
📍 Entry: 3,144.165
🎯 Target: 3,197.515
🛑 Stop Loss: 3,118.736
📊 Risk/Reward Ratio: 2.13
⏱️ Estimated Duration: 12 hours
🔍 Technical Confluence:
High-Volume Support: Strong buyer interest around the 3140–3150 range (visible on VPVR).
Momentum Shift: SQZMOM histogram shows slowing bearish pressure, hinting at a short-term reversal.
Price Action: Bullish engulfing candle forming near session low with volume spike.
Target Zone: Prior resistance near 3,197 is the next supply zone.
GODO Capital Markets
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.
GODO Capital Markets
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.