✅ Bias: Long (Buy)
Rationale:
• 4H Chart shows price reclaiming the 20/50 SMA zone after the recent pullback — a bullish reset after a shallow correction.
• 15M Chart confirms trend resumption — clean higher highs and higher lows, with strong price support above the 20/50 SMA crossover.
• 3M Chart shows a breakout with higher volume and sustained move above recent consolidation. White 20 SMA is holding price well.
⸻
🎯 Trade Setup: Buy XAUUSD
• Entry: 3345.00 (wait for a small pullback or price base just above current level for better RR)
• Stop-Loss: 3332.00 (below last intraday swing low and the SMA base)
• Take-Profit: 3371.00 (near previous resistance zone)
Risk-Reward Ratio: ≈ 2:1
⸻
📍 Move SL to Breakeven When:
Price reaches 3358.00 (midway point = 1:1 RR) and:
• 3M chart shows no strong bearish engulfing or reversal candle.
• Volume on the move is rising or stable (not collapsing).
This protects capital without choking the trade.
⸻
🧠 Confluence Summary:
• Trend Alignment across all timeframes.
• 20/50 SMA bullish stack on 15M and 4H.
• Volume Expansion on breakout leg.
• RSI (15M) near 67 — strong but not overbought yet (room to run).
⸻
⚠️ Fundamental Notes:
• Gold has been rising with Fed pivot expectations and equity uncertainty — momentum is on the bulls’ side unless sharp risk-on news appears.
• Caution near major US data releases tomorrow or speeches from Fed members.
XAUUSD
Rationale:
• 4H Chart shows price reclaiming the 20/50 SMA zone after the recent pullback — a bullish reset after a shallow correction.
• 15M Chart confirms trend resumption — clean higher highs and higher lows, with strong price support above the 20/50 SMA crossover.
• 3M Chart shows a breakout with higher volume and sustained move above recent consolidation. White 20 SMA is holding price well.
⸻
🎯 Trade Setup: Buy XAUUSD
• Entry: 3345.00 (wait for a small pullback or price base just above current level for better RR)
• Stop-Loss: 3332.00 (below last intraday swing low and the SMA base)
• Take-Profit: 3371.00 (near previous resistance zone)
Risk-Reward Ratio: ≈ 2:1
⸻
📍 Move SL to Breakeven When:
Price reaches 3358.00 (midway point = 1:1 RR) and:
• 3M chart shows no strong bearish engulfing or reversal candle.
• Volume on the move is rising or stable (not collapsing).
This protects capital without choking the trade.
⸻
🧠 Confluence Summary:
• Trend Alignment across all timeframes.
• 20/50 SMA bullish stack on 15M and 4H.
• Volume Expansion on breakout leg.
• RSI (15M) near 67 — strong but not overbought yet (room to run).
⸻
⚠️ Fundamental Notes:
• Gold has been rising with Fed pivot expectations and equity uncertainty — momentum is on the bulls’ side unless sharp risk-on news appears.
• Caution near major US data releases tomorrow or speeches from Fed members.
XAUUSD Trade closed: stop reached
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.