Trade Idea : XAUUSD LONG (BUY LIMIT)
Market Analysis:
1. Daily Chart:
• XAUUSD is in a strong uptrend, making higher highs and higher lows.
• MACD is significantly bullish, confirming strong momentum.
• RSI is at 65.74, approaching overbought levels but not signaling a reversal yet.
• Price is currently near 2892, a key psychological level.
2. 15-Min Chart:
• Shows recent consolidation after a significant pullback.
• The price is stabilizing above 2890, forming potential support.
• MACD is neutral to slightly bearish, indicating short-term weakness but not a full reversal.
• RSI is 32.24, suggesting oversold conditions and a possible bounce.
3. 3-Min Chart:
• A minor downtrend is visible, with price testing intraday support at 2890.
• RSI at 27.32 indicates oversold conditions.
• MACD is slightly bearish but showing signs of potential reversal.
Trade Setup:
• Bias: Long (Buy)
• Entry: 2892.50 (near current price after confirmation of support holding)
• Stop-Loss (SL): 2885.00 (below recent intraday lows)
• Take-Profit (TP): 2908.50 (targeting the next resistance level)
• Risk-Reward Ratio (RRR): 2:1
XAUUSD
1. Daily Chart:
• XAUUSD is in a strong uptrend, making higher highs and higher lows.
• MACD is significantly bullish, confirming strong momentum.
• RSI is at 65.74, approaching overbought levels but not signaling a reversal yet.
• Price is currently near 2892, a key psychological level.
2. 15-Min Chart:
• Shows recent consolidation after a significant pullback.
• The price is stabilizing above 2890, forming potential support.
• MACD is neutral to slightly bearish, indicating short-term weakness but not a full reversal.
• RSI is 32.24, suggesting oversold conditions and a possible bounce.
3. 3-Min Chart:
• A minor downtrend is visible, with price testing intraday support at 2890.
• RSI at 27.32 indicates oversold conditions.
• MACD is slightly bearish but showing signs of potential reversal.
Trade Setup:
• Bias: Long (Buy)
• Entry: 2892.50 (near current price after confirmation of support holding)
• Stop-Loss (SL): 2885.00 (below recent intraday lows)
• Take-Profit (TP): 2908.50 (targeting the next resistance level)
• Risk-Reward Ratio (RRR): 2:1
XAUUSD 
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.
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.