XAU/USD Long Setup – ABCD Correction into 15-Min Demand Zone
Looking to long gold after a textbook pullback off the recent impulse leg.
Structure:
We had a strong impulse move from $3,413 to $3,500, forming the high of the leg.
Correction:
Price has since retraced in a clean ABCD pattern, forming a 1:1 measured move — a proportional, orderly pullback.
Entry Zone:
The D-point of this correction aligns perfectly with a 15-minute demand zone, where price is now reacting.
Bias: Bullish continuation.
This structure suggests the correction is complete, and momentum is likely to resume to the upside.
Target: Looking for a full retest of the high at $3,500.
Simple and clean — structure-driven entry off confluence. Let’s see if gold wants to reload for another leg.
Looking to long gold after a textbook pullback off the recent impulse leg.
Structure:
We had a strong impulse move from $3,413 to $3,500, forming the high of the leg.
Correction:
Price has since retraced in a clean ABCD pattern, forming a 1:1 measured move — a proportional, orderly pullback.
Entry Zone:
The D-point of this correction aligns perfectly with a 15-minute demand zone, where price is now reacting.
Bias: Bullish continuation.
This structure suggests the correction is complete, and momentum is likely to resume to the upside.
Target: Looking for a full retest of the high at $3,500.
Simple and clean — structure-driven entry off confluence. Let’s see if gold wants to reload for another leg.
Trade active
Stops to BETrade closed: stop reached
Our retest only hit 38.2%, stopped out at break-even
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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.