XAUUSD BUY TRADE SIGNAL GOLD ANALYSIS
🔹 Current Trend:
Gold has been showing a bullish trend, respecting key support zones while maintaining a higher-low structure. The 20-period WMA (Weighted Moving Average) at 2,864.780 is acting as dynamic support.
🔹 Key Levels:
✅ Support Zone: 2,854 - 2,861 (Marked in Green)
✅ Resistance Zone: 2,886.812 (Marked in Red)
🔹 Trade Setup:
📈 Bullish Scenario:
Price is consolidating at a strong support level and forming a potential higher low structure.
A breakout above the current consolidation could trigger a bullish move towards 2,886.812.
If price holds above the 2,861 zone, this can be a confirmation for further upside movement.
📉 Bearish Invalidations:
A break below 2,854.420 would indicate potential weakness, possibly leading to a move toward 2,841.082.
🔹 Trading Plan:
Buy Entries on confirmation of bullish price action above the support zone.
Stop Loss placed below 2,854 to minimize risk.
Take Profit at 2,886 to capitalize on the potential bullish momentum.
⚡ Are you bullish or bearish on Gold? Drop your thoughts below! ⬇️🔥
#XAUUSD #GoldTrading #ForexTrading #PriceAction #TradeSetup #TechnicalAnalysis
Gold has been showing a bullish trend, respecting key support zones while maintaining a higher-low structure. The 20-period WMA (Weighted Moving Average) at 2,864.780 is acting as dynamic support.
🔹 Key Levels:
✅ Support Zone: 2,854 - 2,861 (Marked in Green)
✅ Resistance Zone: 2,886.812 (Marked in Red)
🔹 Trade Setup:
📈 Bullish Scenario:
Price is consolidating at a strong support level and forming a potential higher low structure.
A breakout above the current consolidation could trigger a bullish move towards 2,886.812.
If price holds above the 2,861 zone, this can be a confirmation for further upside movement.
📉 Bearish Invalidations:
A break below 2,854.420 would indicate potential weakness, possibly leading to a move toward 2,841.082.
🔹 Trading Plan:
Buy Entries on confirmation of bullish price action above the support zone.
Stop Loss placed below 2,854 to minimize risk.
Take Profit at 2,886 to capitalize on the potential bullish momentum.
⚡ Are you bullish or bearish on Gold? Drop your thoughts below! ⬇️🔥
#XAUUSD #GoldTrading #ForexTrading #PriceAction #TradeSetup #TechnicalAnalysis
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.