📊 Chart Overview:
This chart of XAU/USD (Gold) on a lower timeframe shows a potential bullish reversal setup. The price action has formed a series of lower highs and lower lows, but now a bullish momentum is building up, suggesting a possible breakout to the upside.
🔍 Key Observations:
🟠 Swing Points Identified:
The orange circles mark significant swing highs and lows, clearly outlining a recent downtrend.
The latest swing low (bottom-right) shows a strong rejection with a bullish engulfing candle forming, indicating buyer interest.
📦 Demand Zone (Support Area):
The grey rectangle near the lower region marks a demand zone where buyers have stepped in before.
Price has reacted strongly from this zone again, validating it as a key support level.
📉 Resistance Turned Potential Breakout Zone:
The red line (~3,291.416) represents a resistance level that was previously support.
Price has broken above it and now appears to be retesting it, indicating a possible retest-confirmation for a bullish continuation.
🎯 Target & Risk Management:
✅ Entry: Confirmed breakout and retest around 3,291.
📈 Target: 3,364.819 (green zone above), based on previous resistance.
❌ Stop Loss: Below 3,267.772, the recent swing low.
The setup offers a favorable risk-to-reward ratio.
🧭 Projection Path:
The white arrowed path illustrates a likely pullback before continuation upward, suggesting a bullish structure if confirmed.
✅ Conclusion:
Gold is showing signs of a bullish reversal from a well-defined demand zone, with a potential rally toward the 3,365 area. A successful retest of the broken resistance as new support would strengthen the bullish bias.
📌 Watch closely for confirmation candles on the retest before entering.
This chart of XAU/USD (Gold) on a lower timeframe shows a potential bullish reversal setup. The price action has formed a series of lower highs and lower lows, but now a bullish momentum is building up, suggesting a possible breakout to the upside.
🔍 Key Observations:
🟠 Swing Points Identified:
The orange circles mark significant swing highs and lows, clearly outlining a recent downtrend.
The latest swing low (bottom-right) shows a strong rejection with a bullish engulfing candle forming, indicating buyer interest.
📦 Demand Zone (Support Area):
The grey rectangle near the lower region marks a demand zone where buyers have stepped in before.
Price has reacted strongly from this zone again, validating it as a key support level.
📉 Resistance Turned Potential Breakout Zone:
The red line (~3,291.416) represents a resistance level that was previously support.
Price has broken above it and now appears to be retesting it, indicating a possible retest-confirmation for a bullish continuation.
🎯 Target & Risk Management:
✅ Entry: Confirmed breakout and retest around 3,291.
📈 Target: 3,364.819 (green zone above), based on previous resistance.
❌ Stop Loss: Below 3,267.772, the recent swing low.
The setup offers a favorable risk-to-reward ratio.
🧭 Projection Path:
The white arrowed path illustrates a likely pullback before continuation upward, suggesting a bullish structure if confirmed.
✅ Conclusion:
Gold is showing signs of a bullish reversal from a well-defined demand zone, with a potential rally toward the 3,365 area. A successful retest of the broken resistance as new support would strengthen the bullish bias.
📌 Watch closely for confirmation candles on the retest before entering.
Trade active
half target complete 330 pips booked tarde active 
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• Strategic Partnerships
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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.
Market Analyst | Forex Mentor | XAUUSD Specialist
Services Offered:
• VIP Signals
• 1-on-1 Mentorship
• Professional Forex Course
• Affiliate Program
• Strategic Partnerships
Link to Join
t.me/ZareeFxTradingSignals
Services Offered:
• VIP Signals
• 1-on-1 Mentorship
• Professional Forex Course
• Affiliate Program
• Strategic Partnerships
Link to Join
t.me/ZareeFxTradingSignals
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.