🟢 Gold (XAU/USD) 4H Long Setup – Bullish Reversal from Key Demand Zone
Gold is showing early signs of a bullish reversal from the 4H demand zone near 3270, with confluence from the 200 EMA and previous volume accumulation support (visible via VPVR).
✅ Entry: 3270.35
🎯 Target: 3369.45
🛑 Stop Loss: 3252.77
📊 Risk/Reward Ratio: 5.17
📆 Projection: 3.03% move in 3 days (by May 15)
📈 Technical Highlights:
EMA Support: Price is testing the 200 EMA, acting as a dynamic support zone.
Volume Profile: Significant buying volume accumulated in the current region, increasing bounce probability.
Structure: Higher-low formation still intact; rejection wick suggests buyer defense.
Bullish Target: Previous 4H supply near 3369 aligns with clean breakout structure.
Gold is showing early signs of a bullish reversal from the 4H demand zone near 3270, with confluence from the 200 EMA and previous volume accumulation support (visible via VPVR).
✅ Entry: 3270.35
🎯 Target: 3369.45
🛑 Stop Loss: 3252.77
📊 Risk/Reward Ratio: 5.17
📆 Projection: 3.03% move in 3 days (by May 15)
📈 Technical Highlights:
EMA Support: Price is testing the 200 EMA, acting as a dynamic support zone.
Volume Profile: Significant buying volume accumulated in the current region, increasing bounce probability.
Structure: Higher-low formation still intact; rejection wick suggests buyer defense.
Bullish Target: Previous 4H supply near 3369 aligns with clean breakout structure.
GODO Capital Markets
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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.
GODO Capital Markets
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.