"Gold Spot (XAU/USD) -Trend Reversal or Continuation? tradesetup

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๐Ÿ“Š Key Levels & Zones

๐Ÿ”ต Target Point: ๐Ÿ“ˆ 3,055.65 (Upper blue box) โ€“ The expected bullish target.
๐ŸŸ  Demand Zone: ๐Ÿ“‰ 3,009 - 3,019 (Orange box) โ€“ A strong support area where buyers might step in.
๐Ÿ”ด Stop Loss: โ›” 3,009.47 โ€“ Safety exit if the price drops below this level.

๐Ÿ“‰ Trend Analysis

๐Ÿ“ Trend Line (๐Ÿ”ฝ Downward Sloping): Indicates a declining price movement.
๐Ÿ“ Potential Breakout (๐Ÿ“ˆ): If price breaks above the trend line, it may trigger an upward move toward the target point.

๐Ÿ› ๏ธ Strategy

๐Ÿ”น Wait for confirmation โ€“ A bullish candle above the trend line can signal a buy entry.
๐Ÿ”น Watch demand zone โ€“ If price holds above this area, it could support the bullish move.
๐Ÿ”น Manage risk โ€“ SL (โ›”) ensures minimal losses in case of a breakdown.

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