XAUUSD (Gold) Trading Plan
📈 Market Outlook: Gold remains bullish today, with potential to test key resistance levels at $2961 – $2969.
🔹 Key Trading Levels:
✅ Optimal Buy Zone: $2937 – $2929 (Demand Zone)
🚀 Upside Targets: $2961 – $2969.
🔻 Support Levels: $2,925 – $2,918 (Break below may weaken bullish bias)
📊 Technical Analysis:
🔸 EMA Crossover: Price trading above 50 & 200 EMA, indicating bullish momentum.
🔸 RSI: Holding above 60, confirming strong buying pressure.
🔸 ATR: Increased volatility suggests potential strong moves.
🔸 Order Blocks & Liquidity: Key demand zone at $2,929, expect institutional buying.
📌 Trading Strategy:
🎯 Look for bullish confirmations in the $2,937 – $2,929 zone before entering long positions.
📈 Break above $2,950 could accelerate bullish momentum toward $2,961+.
⚠️ Risk Management: Keep SL below $2,925 to protect downside exposure.
🔥 Stay disciplined & trade wisely! 🔥
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.