Long-Term Trading Strategy for Gold (XAU/USD)
Since you prefer long-term trading, we will focus on higher timeframe trends and key levels rather than short-term fluctuations.
📉 Long-Term Bearish Outlook (Until Major Support)
The chart suggests that gold could continue declining towards the 2,600 - 2,560 zone over the next few weeks.
The descending trendline and lower highs/lows confirm the long-term bearish momentum.
Bearish confirmation: A strong break below 2,836 will accelerate the downtrend.
📊 Trade Setup – Long-Term Sell
đź”» Entry for Short Position (Sell)
Sell Near: 2,900 - 2,920 (On price pullback)
Stop-Loss: Above 2,960 (Protect against breakout)
Take-Profit Targets:
First TP: 2,800
Second TP: 2,760
Final TP: 2,600 - 2,560 (Major support zone, possible reversal area)
⏳ Alternative Scenario – Long-Term Buy Setup
Only consider buying if:
âś… Gold breaks and holds above 2,960 on a higher timeframe (Daily/Weekly)
âś… Momentum shifts bullish with strong volume & confirmation
Buy Near: Above 2,960
Stop-Loss: Below 2,920
Take-Profit Targets:
First TP: 3,000
Second TP: 3,040 - 3,080
đź“Ś Final Thoughts for Long-Term Traders:
âś… Current bias: Bearish until price reaches 2,600 - 2,560
âś… Best strategy: Sell on pullbacks & hold for weeks/months
âś… Watch key levels: If 2,600 holds, we may see a strong bullish reversal
Since you prefer long-term trading, we will focus on higher timeframe trends and key levels rather than short-term fluctuations.
📉 Long-Term Bearish Outlook (Until Major Support)
The chart suggests that gold could continue declining towards the 2,600 - 2,560 zone over the next few weeks.
The descending trendline and lower highs/lows confirm the long-term bearish momentum.
Bearish confirmation: A strong break below 2,836 will accelerate the downtrend.
📊 Trade Setup – Long-Term Sell
đź”» Entry for Short Position (Sell)
Sell Near: 2,900 - 2,920 (On price pullback)
Stop-Loss: Above 2,960 (Protect against breakout)
Take-Profit Targets:
First TP: 2,800
Second TP: 2,760
Final TP: 2,600 - 2,560 (Major support zone, possible reversal area)
⏳ Alternative Scenario – Long-Term Buy Setup
Only consider buying if:
âś… Gold breaks and holds above 2,960 on a higher timeframe (Daily/Weekly)
âś… Momentum shifts bullish with strong volume & confirmation
Buy Near: Above 2,960
Stop-Loss: Below 2,920
Take-Profit Targets:
First TP: 3,000
Second TP: 3,040 - 3,080
đź“Ś Final Thoughts for Long-Term Traders:
âś… Current bias: Bearish until price reaches 2,600 - 2,560
âś… Best strategy: Sell on pullbacks & hold for weeks/months
âś… Watch key levels: If 2,600 holds, we may see a strong bullish reversal
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.