Gold Bullish Setup | Demand Zone Rejection & Upside Potential
📈 Bullish Setup:
The price recently touched a demand zone (orange box) and reacted upward.
A large blue arrow indicates an expectation for price to rise towards the target area (gray box).
📊 Technical Indicators:
200 EMA (red line) at 2,894.263: The price is hovering around this level, which could act as dynamic support.
Current Price: 2,897.660: Above the EMA, indicating a possible short-term bullish momentum.
Key Support: 2,889.708 (orange label): If price breaks below, bullish bias might weaken.
🚀 Potential Trade Idea:
Entry Zone: Around 2,895–2,897 (just above demand).
Target: 2,912 (upper resistance).
Stop Loss: Below 2,889.
The price recently touched a demand zone (orange box) and reacted upward.
A large blue arrow indicates an expectation for price to rise towards the target area (gray box).
📊 Technical Indicators:
200 EMA (red line) at 2,894.263: The price is hovering around this level, which could act as dynamic support.
Current Price: 2,897.660: Above the EMA, indicating a possible short-term bullish momentum.
Key Support: 2,889.708 (orange label): If price breaks below, bullish bias might weaken.
🚀 Potential Trade Idea:
Entry Zone: Around 2,895–2,897 (just above demand).
Target: 2,912 (upper resistance).
Stop Loss: Below 2,889.
Trade closed: target reached
🚀 Gold (XAU/USD) Target Hit! 🎯✅
Our bullish setup played out perfectly! After rejecting the demand zone, XAU/USD surged to our target at 2,912, delivering a solid move as expected. 📈🔥
🔹 Entry: 2,895-2,897
🔹 Target: 🎯 2,912 HIT!
🔹 Result: ✅ Clean execution, perfect reaction!
Patience and strategy always win in the markets. Who caught this move? Drop a 🔥 in the comments! 👇🔥
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JOIN MY TELEGRAM CHANNEL
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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Related publications
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.