Buy Opportunity for XAU/USD (Gold)
Key Analysis:
Pattern: Potential Bullish Shark pattern.
Order Block (OB): Key support zone on the 1-hour chart.
Fair Value Gap (FVG): Additional support just above the order block.
Trade Setup:
Entry: Look to buy around the order block, which aligns with the 0.886 XA retracement level.
Stop Loss: Place below the order block for risk management.
Take Profit: Target key resistance levels or previous high points.
Confirmation:
Wait for bullish candlestick patterns or volume spikes at the order block.
Pattern: Potential Bullish Shark pattern.
Order Block (OB): Key support zone on the 1-hour chart.
Fair Value Gap (FVG): Additional support just above the order block.
Trade Setup:
Entry: Look to buy around the order block, which aligns with the 0.886 XA retracement level.
Stop Loss: Place below the order block for risk management.
Take Profit: Target key resistance levels or previous high points.
Confirmation:
Wait for bullish candlestick patterns or volume spikes at the order block.
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