Gold (XAUUSD) has made a solid bullish comeback after bouncing off the demand zone at 3,317–3,319, where we saw a surge in buying interest following a quick liquidity sweep. This bounce not only confirms the demand but also lays the groundwork for a potential continuation of the upward trend.
Right now, the price action is breaking through some minor intraday structures, shifting the market sentiment back in favor of buyers. The move above 3,320 shows a clear bullish intent, aiming for the supply zone overhead around 3,325–3,328. This area represents the last major distribution before the previous sell-off, making it a key short-term resistance point.
From a structural perspective, this setup follows a classic demand-hold and supply-target strategy, backed by intraday momentum and a trendline breakout. As long as the price stays above 3,317, the bullish outlook remains intact.
The target area stretches toward 3,328 and 3,331, where we might see some profit-taking or new selling. If those levels are surpassed, we could see further gains into the 3,335–3,340 range.
🔍 Key Confluences:
Strong rejection from the previous support zone
Clear bullish structure (Higher Highs & Higher Lows on the 5-minute timeframe)
Momentum aligned with the Asia–London session overlap
Price trading above key EMAs (optional, if included)
🎯 Trade Plan Overview:
Entry: Breakout or retest at 3,319–3,320
Stop Loss: Below 3,317 (this would invalidate the demand)
Take Profit 1: 3,328
Take Profit 2: 3,331
Final Target (optional): 3,335+ (if the breakout continues)
📣 Bias:
Bullish — until demand is broken with strong volume.
Right now, the price action is breaking through some minor intraday structures, shifting the market sentiment back in favor of buyers. The move above 3,320 shows a clear bullish intent, aiming for the supply zone overhead around 3,325–3,328. This area represents the last major distribution before the previous sell-off, making it a key short-term resistance point.
From a structural perspective, this setup follows a classic demand-hold and supply-target strategy, backed by intraday momentum and a trendline breakout. As long as the price stays above 3,317, the bullish outlook remains intact.
The target area stretches toward 3,328 and 3,331, where we might see some profit-taking or new selling. If those levels are surpassed, we could see further gains into the 3,335–3,340 range.
🔍 Key Confluences:
Strong rejection from the previous support zone
Clear bullish structure (Higher Highs & Higher Lows on the 5-minute timeframe)
Momentum aligned with the Asia–London session overlap
Price trading above key EMAs (optional, if included)
🎯 Trade Plan Overview:
Entry: Breakout or retest at 3,319–3,320
Stop Loss: Below 3,317 (this would invalidate the demand)
Take Profit 1: 3,328
Take Profit 2: 3,331
Final Target (optional): 3,335+ (if the breakout continues)
📣 Bias:
Bullish — until demand is broken with strong volume.
🎭 Fakeout is art. Trap is real.
📉 I don’t follow trends, I end them.
🕵🏽 SMC | XAU | Reversal Zone Only
⚡️ Tgram t.me/+iqOi7g1atDw5N2Q0
📉 I don’t follow trends, I end them.
🕵🏽 SMC | XAU | Reversal Zone Only
⚡️ Tgram t.me/+iqOi7g1atDw5N2Q0
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.
🎭 Fakeout is art. Trap is real.
📉 I don’t follow trends, I end them.
🕵🏽 SMC | XAU | Reversal Zone Only
⚡️ Tgram t.me/+iqOi7g1atDw5N2Q0
📉 I don’t follow trends, I end them.
🕵🏽 SMC | XAU | Reversal Zone Only
⚡️ Tgram t.me/+iqOi7g1atDw5N2Q0
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.