This is a bullish XAUUSD setup based on:
✅ Trendline & Demand Zone Support – Price is expected to bounce from this area.
✅ 1H Bullish Engulfing Confirmation – Entry trigger for a long position.
✅ Target: 2,960 | Stop-Loss: Below 2,920 – Favorable Risk-to-Reward ratio.
Plan: Wait for bullish confirmation at support, then aim for upside! 📈🔥
✅ Trendline & Demand Zone Support – Price is expected to bounce from this area.
✅ 1H Bullish Engulfing Confirmation – Entry trigger for a long position.
✅ Target: 2,960 | Stop-Loss: Below 2,920 – Favorable Risk-to-Reward ratio.
Plan: Wait for bullish confirmation at support, then aim for upside! 📈🔥
Trade active
Trade closed: target reached
110 pips booked tp1
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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.
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.