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XAUUSD has just tapped into a strong demand zone after a classic fake breakout beneath the trendline and key structure. The sharp drop into this zone is likely a liquidity grab, forming what appears to be a market trap. Now, with price rejecting this area and showing early signs of strength, a potential bullish reversal is setting up.
I've marked the break of structure (BOS) levels and highlighted the inversion FVG zones that aligned perfectly with past rejections. As long as price holds above the $3,348–$3,350 support range, my eyes are on a bullish reaction targeting $3,390 and then $3,420+.
Watch how this plays out and manage risk wisely – reversals from such zones often lead to explosive upside moves! 🚀
XAUUSD has just tapped into a strong demand zone after a classic fake breakout beneath the trendline and key structure. The sharp drop into this zone is likely a liquidity grab, forming what appears to be a market trap. Now, with price rejecting this area and showing early signs of strength, a potential bullish reversal is setting up.
I've marked the break of structure (BOS) levels and highlighted the inversion FVG zones that aligned perfectly with past rejections. As long as price holds above the $3,348–$3,350 support range, my eyes are on a bullish reaction targeting $3,390 and then $3,420+.
Watch how this plays out and manage risk wisely – reversals from such zones often lead to explosive upside moves! 🚀
Trade active
Active Update Note:Update: Gold (XAUUSD) has precisely reacted from the key demand zone at $3,348–$3,350, validating the earlier fake breakout trap beneath structure. This area also aligns with a prior inversion FVG and the retest of a broken trendline support, now acting as hidden strength. Initial bullish wicks and rising volume hint at smart money accumulation. If this level continues to hold, we could see price targeting the $3,390 intra-day imbalance and possibly a run toward $3,420+ liquidity levels. Monitoring price action for a bullish engulfing or strong close above $3,370 to confirm momentum.
Note
(Partial Target Hit):Update:
Price has successfully reacted from the expected entry zone near 3360, climbing to 3372 and hitting our first partial target. This confirms bullish intent from the marked demand zone and validates the structure setup. Traders locking partials here are managing risk well, while the next resistance lies toward 3390. As long as price stays above 3355–3360, the bullish scenario remains valid.
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📈 Robert FX Assets | Verified Forex Analyst
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
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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.
📈 Robert FX Assets | Verified Forex Analyst
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel: t.me/RobertFXAssets
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.