This 15-minute chart of XAUUSD 📈 highlights a bullish setup after a clean breakout of the descending trendline 🔥. Following sustained bearish pressure, price action broke above resistance and formed a new support area 🛡️. A shift to higher lows suggests growing bullish momentum, while a 1-hour Fair Value Gap (FVG) ⬜ has formed just below the current price, signaling a possible retracement zone where buyers could re-enter the market 🚀.
The idea expects a small pullback into the 1H FVG/support zone before a strong continuation upward 📊. We can use it as our fresh buying area at 3304 - 3296.
With the trendline break ✅, structural change 🔄, and FVG setup, the bias remains strongly bullish for the near term. 🌟
The idea expects a small pullback into the 1H FVG/support zone before a strong continuation upward 📊. We can use it as our fresh buying area at 3304 - 3296.
With the trendline break ✅, structural change 🔄, and FVG setup, the bias remains strongly bullish for the near term. 🌟
Trade active
The market is in the zone we can enter from here in layers, we will go with small lots till market reaches the very dip.If market follows the rend it will bounce back from there
For now use small lots and manage your risks
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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.