Gold (XAU/USD) 30-Minute Chart - Intraday Trading Analysis & Signal
📊 Market Structure & Key Levels:
Uptrend in Play: Gold has been respecting an ascending trendline since $2,880, indicating continued bullish sentiment.
Current Support Zone: $2,923 - $2,925, aligning with multiple trendlines and horizontal support.
Resistance Levels to Watch:
$2,950 - $2,955 (first resistance zone)
$2,970 - $2,975 (major resistance and target)
Breakdown Scenario: If gold fails to hold $2,923, we could see a drop toward $2,905 - $2,898.
📈 Intraday Trading Signal for XAU/USD:
✅ Buy Entry: $2,923 - $2,925 (If price holds this support zone and shows bullish reaction)
🎯 Take Profit (TP1): $2,950
🎯 Take Profit (TP2): $2,970
🛑 Stop Loss (SL): Below $2,915
📌 Alternative Scenario (Sell Setup)
❌ Sell Entry: Below $2,922 (If price breaks below support and trendline)
🎯 Take Profit (TP1): $2,905
🎯 Take Profit (TP2): $2,898
🛑 Stop Loss (SL): Above $2,935
🕵 Confirmation Checklist Before Entering Trade:
✅ Bullish Rejection from $2,923 - $2,925 for Buy
✅ Bearish Breakdown Below $2,922 for Sell
✅ Volume Surge in Direction of Trade
✅ DXY (Dollar Index) Weakness for Bullish Gold
⚠ Risk Management & Trade Tips:
Move SL to breakeven after TP1 is hit.
If price closes below $2,922, invalidate buy trade and switch to short setup.
Monitor news events impacting USD for volatility.
🚀 Trade with discipline, and let the market confirm the move! 🔥
FOLLOW, COMMENT AND LIKE.
📊 Market Structure & Key Levels:
Uptrend in Play: Gold has been respecting an ascending trendline since $2,880, indicating continued bullish sentiment.
Current Support Zone: $2,923 - $2,925, aligning with multiple trendlines and horizontal support.
Resistance Levels to Watch:
$2,950 - $2,955 (first resistance zone)
$2,970 - $2,975 (major resistance and target)
Breakdown Scenario: If gold fails to hold $2,923, we could see a drop toward $2,905 - $2,898.
📈 Intraday Trading Signal for XAU/USD:
✅ Buy Entry: $2,923 - $2,925 (If price holds this support zone and shows bullish reaction)
🎯 Take Profit (TP1): $2,950
🎯 Take Profit (TP2): $2,970
🛑 Stop Loss (SL): Below $2,915
📌 Alternative Scenario (Sell Setup)
❌ Sell Entry: Below $2,922 (If price breaks below support and trendline)
🎯 Take Profit (TP1): $2,905
🎯 Take Profit (TP2): $2,898
🛑 Stop Loss (SL): Above $2,935
🕵 Confirmation Checklist Before Entering Trade:
✅ Bullish Rejection from $2,923 - $2,925 for Buy
✅ Bearish Breakdown Below $2,922 for Sell
✅ Volume Surge in Direction of Trade
✅ DXY (Dollar Index) Weakness for Bullish Gold
⚠ Risk Management & Trade Tips:
Move SL to breakeven after TP1 is hit.
If price closes below $2,922, invalidate buy trade and switch to short setup.
Monitor news events impacting USD for volatility.
🚀 Trade with discipline, and let the market confirm the move! 🔥
FOLLOW, COMMENT AND LIKE.
Trade active
Trade is running for 120+ pips as of now, take partials and trail with SL.
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Related publications
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.
✅Free Telegram Group
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
WhatsApp👇
wa.me/message/HRLMFQNPUGIRF1
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
WhatsApp👇
wa.me/message/HRLMFQNPUGIRF1
Related publications
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.