Gold Spot / U.S. Dollar
Long
Updated

Gold/USD Bullish Breakout from Demand Zone – Targeting 3416.91

197
🔍 GOLD/USD 30-Min Chart Analysis

📊 Strategy Used:

Trend Channel Trading

Demand Zone Rejection

EMA 70 Support

Breakout-Pullback-Continuation

🔎 Quick Analysis:

Price is respecting an ascending trend channel, indicating a bullish trend.

A demand zone (3364.34–3375.09) has been clearly formed and respected after a pullback.

EMA 70 is acting as dynamic support—confluence with demand zone.

Price broke a local trendline, retested the zone, and bounced back, confirming bullish momentum.

✅ Trade Setup:

Entry Point: Around 3375.00 (on confirmation of bounce from demand zone)

Stop Loss: Below demand zone at 3364.00

Take Profit / Target: 3416.91

Risk-Reward Ratio: Favorable (~1:4)

📈 Bias: Bullish
🎯 Target: 3416.91
🛑 Stop Loss: 3364.00
📍 Entry: 3375.00
Trade active
snapshot
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