XAU/USD (Gold) Trade Setup – High-Probability Long Position
📈 XAU/USD (Gold) Trade Setup – High-Probability Long Position 🚀
🔹 Timeframe: 1H (Short-Term Outlook)
🔹 Strategy: Trend Continuation – Ascending Channel Break & Retest
🎯 Trade Plan:
✅ Entry Zone: Around 2,904 (Retest of Channel Support)
✅ Take Profit 1: 2,929 (First Resistance Level)
✅ Take Profit 2: 2,977 (Major Target)
❌ Stop Loss: 2,870 (Below Key Support)
📊 Market Structure: Gold is trending upwards inside a well-defined ascending channel. The price is currently testing channel support, offering an excellent long opportunity.
💡 Why This Trade?
✔️ Strong bullish momentum
✔️ Clear risk-reward ratio
✔️ Institutional buying interest in this zone
📢 Pro Tip: Watch for confirmation before entering—bullish engulfing or breakout above 2,910 could signal strength.
🔥 Let me know your thoughts! Are you taking this trade? 🔥
🔹 Timeframe: 1H (Short-Term Outlook)
🔹 Strategy: Trend Continuation – Ascending Channel Break & Retest
🎯 Trade Plan:
✅ Entry Zone: Around 2,904 (Retest of Channel Support)
✅ Take Profit 1: 2,929 (First Resistance Level)
✅ Take Profit 2: 2,977 (Major Target)
❌ Stop Loss: 2,870 (Below Key Support)
📊 Market Structure: Gold is trending upwards inside a well-defined ascending channel. The price is currently testing channel support, offering an excellent long opportunity.
💡 Why This Trade?
✔️ Strong bullish momentum
✔️ Clear risk-reward ratio
✔️ Institutional buying interest in this zone
📢 Pro Tip: Watch for confirmation before entering—bullish engulfing or breakout above 2,910 could signal strength.
🔥 Let me know your thoughts! Are you taking this trade? 🔥
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.