Technical Outlook:
Price is currently trading within a well-defined ascending channel, with both the upper and lower trendlines being respected consistently. The recent bullish momentum aligns well with the overall market structure, suggesting continued upward pressure.
Channel Support Zone: The lower bound of the channel has consistently acted as dynamic support, with price bouncing each time.
Fair Value Gaps (FVGs): Two clear FVGs are present, with price reacting to the first one already. The second, slightly higher FVG, aligns with the midline of the channel — a common area of short-term consolidation or continuation.
Key Buy Zones:
Zone 1: 3300–3305 – Ideal first entry zone aligning with minor demand and the lower region of the current consolidation.
Zone 2: 3315–3320 – Second entry zone closer to mid-channel and higher FVG area.
Bullish Confluence:
Channel support (structure).
FVG demand zones.
Higher highs and higher lows (market structure).
No significant resistance until ~3380–3400, providing ample R:R.
📈 Trade Signal (XAUUSD)
Bias: Bullish
Entry Zones:
🔹 Buy Limit @ 3300–3305
🔹 Buy Limit @ 3315–3320
Stop Loss: (just below channel support)
Take Profit 1: 3335
Take Profit 2: 3355
Take Profit 3: 3375
Take Profit 4: 3385
Risk Management: 1–2% per entry zone based on your account size. Adjust position size according to risk tolerance.
Kindly follow, share, support and boost.
Price is currently trading within a well-defined ascending channel, with both the upper and lower trendlines being respected consistently. The recent bullish momentum aligns well with the overall market structure, suggesting continued upward pressure.
Channel Support Zone: The lower bound of the channel has consistently acted as dynamic support, with price bouncing each time.
Fair Value Gaps (FVGs): Two clear FVGs are present, with price reacting to the first one already. The second, slightly higher FVG, aligns with the midline of the channel — a common area of short-term consolidation or continuation.
Key Buy Zones:
Zone 1: 3300–3305 – Ideal first entry zone aligning with minor demand and the lower region of the current consolidation.
Zone 2: 3315–3320 – Second entry zone closer to mid-channel and higher FVG area.
Bullish Confluence:
Channel support (structure).
FVG demand zones.
Higher highs and higher lows (market structure).
No significant resistance until ~3380–3400, providing ample R:R.
📈 Trade Signal (XAUUSD)
Bias: Bullish
Entry Zones:
🔹 Buy Limit @ 3300–3305
🔹 Buy Limit @ 3315–3320
Stop Loss: (just below channel support)
Take Profit 1: 3335
Take Profit 2: 3355
Take Profit 3: 3375
Take Profit 4: 3385
Risk Management: 1–2% per entry zone based on your account size. Adjust position size according to risk tolerance.
Kindly follow, share, support and boost.
Trade active
Gold missed our textbook entry by just 20–30 pips, but we caught the move on the M15 candle. Now trading above both targets around 3361, locking in nearly 350 pips. Hope my traders caught it too.
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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.
✅Free Telegram
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
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.