WHAT WILL BE THE NEXT MOVE OF GOLD ?🚀 GOLD (XAU/USD) – High-Probability Trade Setups! 🚀
Hey, traders! Hope you're all geared up for another exciting week in the markets! 🏆 As we get ready for the market open, let’s break down what’s next for Gold (XAU/USD).
📊 Last Week’s Recap
📈 Gold hit 3057, but before the market closed, we saw a strong rejection pushing price back down. Now, Gold is stuck in a range between 3024 resistance and 3020 support—meaning we need a breakout before taking action!
💡 No-trade zone = 3020 - 3024 ❌ Stay out until a breakout happens!
Two Possible Trading Scenarios
🔵 Scenario 1: Buy Above 3024
📌 If a 30M candle closes above 3024, we wait for the next candle to wick down while keeping the previous low safe.
📌 Once price breaks the high of the previous closed candle, we enter buys targeting 3034! 🚀
✅ Break-even after 40 pips—lock in those profits! 💰
🔴 Scenario 2: Sell Below 3020
📌 If a 30M candle closes below 3020, we wait for the next candle to wick up while keeping the previous high safe.
📌 Once price breaks the low of the previous closed candle, we enter sells targeting 3011! 📉
✅ Break-even after 40 pips—protect your capital!
📍 Final Trade Plan
📊 BUY above 3024 🎯 TP: 3034
📊 SELL below 3020 🎯 TP: 3011
📢 Don’t chase trades! Let the market confirm and follow the plan! 📈🔥 #XAUUSD #GoldAnalysis #ForexTrading #SmartMoney
