🔥 XAU/USD Multi-Timeframe Trade Plan – Precision Levels & Setups 🔥
🔍 Technical Overview (30M Chart)
1. Trend:
• Bullish momentum with price above EMA-21 ($2,711) and SMA-50 ($2,710).
• Price is detached from EMA-21 by $4.62—expecting pullbacks near $2,705-$2,710 for reversion.
2. Key Levels to Watch:
• Bullish FVG: Below $2,705.74 (support zone).
• Bearish FVG: Above $2,721.50 (resistance zone).
• Immediate Resistance: $2,713-$2,724.
• Fibonacci Retracements:
• Strong Support: 78.6% at $2,695.74.
• Pullback Zone: 61.8% at $2,690.73.
3. Momentum Indicators:
• RSI: At 68 (nearing overbought)—upside potential limited without volume.
• Stochastic RSI: Bearish crossover in overbought zone—short-term pullback likely.
🔒 Higher and Lower Timeframe Analysis
1. Higher Timeframes (1H, 4H):
• 1H Chart:
• Resistance near VWAP Upper Band ($2,722.60). Bearish RSI divergence aligns with rejection risk.
• 4H Chart:
• Price nearing upper Bollinger Band ($2,725)—overextension signals a pullback.
2. Lower Timeframes (5M, 15M):
• 5M Chart:
• Bullish FVG support near $2,709.
• 15M Chart:
• Bearish RSI divergence supports short opportunities at $2,715-$2,720.
🎯 Trade Setups
📈 Long Entry Setup
• Entry Conditions:
• RSI > 50, stochastic crossover near EMA-21 ($2,709-$2,711).
• Entry Levels:
• Primary: $2,711.
• Secondary: $2,705.
• Take Profits:
• TP1: $2,717 (VWAP Band).
• TP2: $2,722.50 (Fibonacci extension).
• Stop Loss: Below $2,705 (FVG boundary).
• Confidence: 70%.
📉 Short Entry Setup
• Entry Conditions:
• RSI < 50, bearish stochastic crossover near $2,721-$2,725.
• Entry Levels:
• Primary: $2,721.50.
• Secondary: $2,724.
• Take Profits:
• TP1: $2,715 (EMA-21 reversion).
• TP2: $2,709 (Fibonacci retracement).
• Stop Loss: Above $2,725.50.
• Confidence: 65%.
🔄 Scalping Opportunities
Timeframe Type Entry Stop Loss TP1 TP2 Trigger
5M Long $2,709.50 $2,707 $2,713 $2,716 FVG + EMA Alignment
15M Short $2,720.50 $2,722.50 $2,715 $2,711 Bearish FVG Divergence
⚙️ Risk Management Guidelines
• Stop Loss: Place below/above FVG or Ichimoku baselines.
• Take Profit: Key Fibonacci extensions and untested FVG levels.
• Risk-to-Reward Ratio: Minimum 1:2.
• Position Sizing: Risk 1%-2% per trade.
📊 Detachment Calibration
• 30M Chart: Price detached by $4 from EMA-21—expecting pullback near $2,711.
• 1H Chart: Overextension near VWAP Upper Band ($2,722.60).
• 4H Chart: Resistance near upper Bollinger Band ($2,725).
📌 Summary
Gold (XAU/USD) is showing signs of a near-term pullback before resuming its bullish trend. Watch for price action at key FVG zones and Fibonacci levels to align with the outlined setups. Execute patiently—let the market come to you!
Happy Trading! 🚀