Gold is currently testing a critical demand zone after a strong retracement from recent highs.
Key Highlights:
Strong Support Zone: Price is sitting right on the demand zone (highlighted in blue), which previously acted as resistance in April and flipped to support in early May.
Trendline Confluence: The ascending trendline from the March lows adds further strength to this zone.
Bullish Risk-to-Reward Setup: Risk is tightly defined below the zone, while the reward stretches back toward the 3,400+ region.
Candle Behavior: Recent candles show indecision (doji-like), hinting at potential exhaustion of sellers.
Trade Idea:
Buy Entry: Around 3,234
Stop Loss: Below 3,150 (just under trendline and demand zone)
Take Profit: 3,440 area (previous high)
This setup offers a solid R:R ratio and aligns with the overall uptrend structure.
Will Gold bounce or break? This level is make-or-break for bulls.
What do you think?
Are you going long or short on XAUUSD?
Do you trust this support zone?
Drop your thoughts below & like if this helped your analysis!
#gold #xauusd #forex #priceaction #technicalanalysis #tradingview #supportandresistance #trendline #bullishsetup #smartmoney #liquidityzone
Key Highlights:
Strong Support Zone: Price is sitting right on the demand zone (highlighted in blue), which previously acted as resistance in April and flipped to support in early May.
Trendline Confluence: The ascending trendline from the March lows adds further strength to this zone.
Bullish Risk-to-Reward Setup: Risk is tightly defined below the zone, while the reward stretches back toward the 3,400+ region.
Candle Behavior: Recent candles show indecision (doji-like), hinting at potential exhaustion of sellers.
Trade Idea:
Buy Entry: Around 3,234
Stop Loss: Below 3,150 (just under trendline and demand zone)
Take Profit: 3,440 area (previous high)
This setup offers a solid R:R ratio and aligns with the overall uptrend structure.
Will Gold bounce or break? This level is make-or-break for bulls.
What do you think?
Are you going long or short on XAUUSD?
Do you trust this support zone?
Drop your thoughts below & like if this helped your analysis!
#gold #xauusd #forex #priceaction #technicalanalysis #tradingview #supportandresistance #trendline #bullishsetup #smartmoney #liquidityzone
✅JOIN FREE SIGNALS t.me/frankfxforextrade
✅FOR VIP DM: t.me/frankfx22
✅ AUTOMATED BOT: bot.frankfxx.com/
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ XM frankfxx.com/xm
✅FOR VIP DM: t.me/frankfx22
✅ AUTOMATED BOT: bot.frankfxx.com/
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ XM frankfxx.com/xm
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.
✅JOIN FREE SIGNALS t.me/frankfxforextrade
✅FOR VIP DM: t.me/frankfx22
✅ AUTOMATED BOT: bot.frankfxx.com/
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ XM frankfxx.com/xm
✅FOR VIP DM: t.me/frankfx22
✅ AUTOMATED BOT: bot.frankfxx.com/
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ XM frankfxx.com/xm
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.