Just entered a buy trade on gold (XAUUSD) after price tapped into a key demand zone on the M15 timeframe.
✅ Reasons for Entry:
Bullish reaction at the demand zone.
Liquidity sweep below previous lows.
Price respecting key support level.
Potential retracement after a strong downtrend.
🎯 Target: Looking for price to reach the nearest resistance zone, possibly around 2891.14 if momentum builds.
🛑 Stop Loss: Just below the previous low for risk management.
Will monitor price action closely—let’s see how this plays out! What are your thoughts? 📉📈
✅ Reasons for Entry:
Bullish reaction at the demand zone.
Liquidity sweep below previous lows.
Price respecting key support level.
Potential retracement after a strong downtrend.
🎯 Target: Looking for price to reach the nearest resistance zone, possibly around 2891.14 if momentum builds.
🛑 Stop Loss: Just below the previous low for risk management.
Will monitor price action closely—let’s see how this plays out! What are your thoughts? 📉📈
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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.