Trade Idea: XAUUSD LONG ( BUY LIMIT )
Technical Analysis:
• Daily Chart:
• Strong bullish trend with price at all-time highs (2924.45).
• MACD is showing high bullish momentum.
• RSI is at 63.76, near overbought but still room for upside.
• 15-Minute Chart:
• Recent pullback to 2903.40 and strong bounce.
• MACD is crossing bullish from oversold levels.
• RSI at 64.92, confirming bullish strength.
• 3-Minute Chart:
• Bullish breakout forming.
• MACD and RSI support short-term continuation.
2. Fundamental Analysis:
• Gold is benefiting from inflation fears & rate cut expectations.
• Geopolitical tensions and central bank buying support further upside.
• U.S. dollar weakness & declining bond yields provide tailwinds.
Entry: 2920.00
• Stop Loss (SL): 2905.00 (15 pips below recent low)
• Take Profit (TP): 2950.00 (30 pips above entry)
• Risk-Reward Ratio: 2:1
XAUUSD
• Daily Chart:
• Strong bullish trend with price at all-time highs (2924.45).
• MACD is showing high bullish momentum.
• RSI is at 63.76, near overbought but still room for upside.
• 15-Minute Chart:
• Recent pullback to 2903.40 and strong bounce.
• MACD is crossing bullish from oversold levels.
• RSI at 64.92, confirming bullish strength.
• 3-Minute Chart:
• Bullish breakout forming.
• MACD and RSI support short-term continuation.
2. Fundamental Analysis:
• Gold is benefiting from inflation fears & rate cut expectations.
• Geopolitical tensions and central bank buying support further upside.
• U.S. dollar weakness & declining bond yields provide tailwinds.
Entry: 2920.00
• Stop Loss (SL): 2905.00 (15 pips below recent low)
• Take Profit (TP): 2950.00 (30 pips above entry)
• Risk-Reward Ratio: 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.