Trade Idea : XAUUSD Long ( BUY LIMIT )
Technical Analysis:
• Daily Chart:
• Strong uptrend with price near all-time highs.
• MACD is bullish with strong momentum.
• RSI at 71.76, slightly overbought, but trend continuation is likely.
• 15-Minute Chart:
• Bullish structure, price making higher highs and higher lows.
• MACD is positive, confirming upward momentum.
• RSI at 51.04, showing room for further upside.
• 3-Minute Chart:
• Short-term retracement but price is stabilizing.
• MACD is negative, indicating a possible dip before continuation.
• RSI at 41.60, approaching oversold levels, signaling a possible rebound.
Fundamental Analysis:
• Gold remains bullish due to:
• Market uncertainty (global economic instability).
• Strong demand for safe-haven assets.
• Weakening USD amid potential Fed rate cuts.
Entry: 2946 (Wait for price to stabilize after the short-term pullback on M3)
Stop Loss (SL): 2936 (Below recent support)
Take Profit (TP): 2966 (Near previous resistance)
Risk-Reward Ratio (RRR): 2:1
XAUUSD
• Daily Chart:
• Strong uptrend with price near all-time highs.
• MACD is bullish with strong momentum.
• RSI at 71.76, slightly overbought, but trend continuation is likely.
• 15-Minute Chart:
• Bullish structure, price making higher highs and higher lows.
• MACD is positive, confirming upward momentum.
• RSI at 51.04, showing room for further upside.
• 3-Minute Chart:
• Short-term retracement but price is stabilizing.
• MACD is negative, indicating a possible dip before continuation.
• RSI at 41.60, approaching oversold levels, signaling a possible rebound.
Fundamental Analysis:
• Gold remains bullish due to:
• Market uncertainty (global economic instability).
• Strong demand for safe-haven assets.
• Weakening USD amid potential Fed rate cuts.
Entry: 2946 (Wait for price to stabilize after the short-term pullback on M3)
Stop Loss (SL): 2936 (Below recent support)
Take Profit (TP): 2966 (Near previous resistance)
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.