1. XAU/USD recently recorded an all-time high (ATH) at the 3150 level.
2. Following a healthy retracement, we are now eyeing potential long opportunities near the 3100 zone.
3. The 3100 level presents a favorable risk-reward entry point, aligned with historical support.
4. Market sentiment remains bullish, supported by strong fundamentals and ongoing geopolitical tensions.
5. A breakout above the previous ATH could open the door for a continued rally toward higher resistance levels.
6. Our upside targets for this move are in the range of 3450 to 3500, offering considerable profit potential.
7. Price consolidation near 3100 indicates accumulation, reinforcing the long bias.
8. We anticipate renewed buying pressure as the market tests key psychological and technical levels.
9. Risk management will be crucial, with stops ideally placed just below the 3050 support region.
10. Overall, this setup offers a compelling long trade backed by technical structure and market momentum.
2. Following a healthy retracement, we are now eyeing potential long opportunities near the 3100 zone.
3. The 3100 level presents a favorable risk-reward entry point, aligned with historical support.
4. Market sentiment remains bullish, supported by strong fundamentals and ongoing geopolitical tensions.
5. A breakout above the previous ATH could open the door for a continued rally toward higher resistance levels.
6. Our upside targets for this move are in the range of 3450 to 3500, offering considerable profit potential.
7. Price consolidation near 3100 indicates accumulation, reinforcing the long bias.
8. We anticipate renewed buying pressure as the market tests key psychological and technical levels.
9. Risk management will be crucial, with stops ideally placed just below the 3050 support region.
10. Overall, this setup offers a compelling long trade backed by technical structure and market momentum.
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Disclaimer
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