📊 XAU/USD (Gold) 1H Analysis – Bullish Continuation Setup
🔹 Market Structure: Gold has been in a strong uptrend, with price currently consolidating near a key demand zone.
🔹 Key Levels:
🔴 Resistance: $3,050 - $3,060 (Potential target)
🟣 Demand Zone: $3,030 - $3,035 (Support area)
🟠 Deeper Support: $3,025 (Break below weakens bullish bias)
📈 Potential Trade Setup:
1️⃣ A possible pullback into the demand zone could attract buyers.
2️⃣ Price may wick below liquidity before reversing.
3️⃣ If support holds, we anticipate a move toward $3,050+.
✅ Entry Zone: $3,030 - $3,035
🎯 Target: $3,050 - $3,060
🚨 Stop Loss: Below $3,025
⚠️ Watch for price action confirmation before entering. A strong bullish candle from support could signal entry. Let the market show its hand! 🚀✨
🔹 Market Structure: Gold has been in a strong uptrend, with price currently consolidating near a key demand zone.
🔹 Key Levels:
🔴 Resistance: $3,050 - $3,060 (Potential target)
🟣 Demand Zone: $3,030 - $3,035 (Support area)
🟠 Deeper Support: $3,025 (Break below weakens bullish bias)
📈 Potential Trade Setup:
1️⃣ A possible pullback into the demand zone could attract buyers.
2️⃣ Price may wick below liquidity before reversing.
3️⃣ If support holds, we anticipate a move toward $3,050+.
✅ Entry Zone: $3,030 - $3,035
🎯 Target: $3,050 - $3,060
🚨 Stop Loss: Below $3,025
⚠️ Watch for price action confirmation before entering. A strong bullish candle from support could signal entry. Let the market show its hand! 🚀✨
Trade active
Trade closed: target reached
📊 XAU/USD 1H – Bullish Projection Hits Successfully! 🚀Gold followed the anticipated bullish continuation, respecting the $3,030 - $3,035 demand zone before surging toward the $3,050+ target. 📈
🔹 Key Highlights:
✅ Price pulled back into the expected liquidity area.
✅ Strong buying pressure confirmed support, leading to a breakout.
✅ Target zone of $3,050 - successfully reached.
This move aligns with the prevailing uptrend, reinforcing the importance of key demand zones in trend continuation. 🔥 Now, watching for potential continuation or retracement opportunities! 🔍✨
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