Bias: Long
Order Type: Buy Stop
Entry: 3392.60 (above current swing high & clean momentum continuation)
Stop Loss: 3379.00 (below local support & M15 20/50 SMA)
Take Profit: 3430.00
Risk-Reward: ~2.7R
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📈 Multi-Timeframe Breakdown:
H4:
• Structure remains bullish.
• Price is breaking out of a range with a clean reclaim of both SMAs.
• Momentum increasing, MACD histogram turning up, signaling trend continuation.
M15:
• Strong impulsive rally from ~3290s to ~3390.
• Higher highs and higher lows cleanly respected.
• Price consolidating at the highs—ideal for breakout continuation setups.
M3:
• Momentum is persistent with shallow pullbacks.
• Small flag forming near 3390 = ideal for a stop entry just above.
• RSI cooling off but still in bullish structure—no divergence yet.
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🧠 Trade Logic:
This is a momentum continuation play after a clean intraday impulse. The market has shown strong upside commitment across all timeframes and is now pausing in a flag/pennant above the breakout zone. A buy stop avoids chasing and only gets triggered if the market confirms with new demand.
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🛡️ Risk Management & Execution:
• Invalidation Window (SL-to-BE Zone):
Move SL to breakeven once price closes above 3401 on M3 with bullish structure.
→ This marks a clear micro higher high and exit from the current consolidation range.
• SL Placement Justification:
3379 is just below the M15 demand zone and SMA confluence—if price breaks below, momentum has failed.
• Entry Execution:
If the flag structure gets invalidated before entry (e.g., price dips sharply), cancel the buy stop.
XAUUSD Order cancelled
TRADE HAS PUSHED PASSED SUPPORT AT 3265 WITH A CLOSED 15MIN CANDLE SUGGESTING BULLS HAVE LOST THAT ZONE. THIS LIKLEY INDICATES A STRUCTURAL SHIFT WHICH INVALIDATES THIS BULLISH SET UP.
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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.