📈 Gold (XAU/USD) Long Setup – Volume Surge & Momentum Breakout
Gold has triggered a clean bullish breakout above previous volume resistance, signaling strong upside continuation. Price rebounded from the value area and is now holding above the key 3,313 structure with a Risk/Reward of 4.98, targeting the 3,444 zone.
🔹 Entry: 3,313.73
🎯 Target: 3,444.24
🛑 Stop Loss: 3,287.46
📊 R/R Ratio: 4.98
📆 Holding Period: 5 Days
📌 Technical Highlights:
Volume Profile: Price broke above a high-volume resistance shelf with strong commitment.
Momentum (SQZMOM): Flipped green with rising bars – confirming bullish momentum.
Structure: Breakout retest zone now acting as support, forming higher lows.
Target Zone: 3,444 aligns with prior supply and trend extension.
Gold has triggered a clean bullish breakout above previous volume resistance, signaling strong upside continuation. Price rebounded from the value area and is now holding above the key 3,313 structure with a Risk/Reward of 4.98, targeting the 3,444 zone.
🔹 Entry: 3,313.73
🎯 Target: 3,444.24
🛑 Stop Loss: 3,287.46
📊 R/R Ratio: 4.98
📆 Holding Period: 5 Days
📌 Technical Highlights:
Volume Profile: Price broke above a high-volume resistance shelf with strong commitment.
Momentum (SQZMOM): Flipped green with rising bars – confirming bullish momentum.
Structure: Breakout retest zone now acting as support, forming higher lows.
Target Zone: 3,444 aligns with prior supply and trend extension.
GODO Capital Markets
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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.
GODO Capital Markets
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.