Gold (XAUUSD) remains in a strong uptrend, respecting the ascending trendline.
Price is currently pulling back towards a key demand zone around $2,800, aligning perfectly with the trendline support.
🔍 Key Observations:
✅ Strong bullish momentum continues.
✅ Price is retracing into a high-probability buy zone.
✅ Demand zone + trendline = strong confluence for a potential reversal.
✅ Targeting new highs above $3,100 if support holds.
🔥 Trading Plan:
📌 Waiting for bullish confirmation near the demand zone before entering.
📌 Potential long entry around $2,800 - $2,820.
📌 Stop loss below $2,770 to protect capital.
📌 Target: New ATH beyond $3,100!
📊 What are your thoughts on this setup? Let me know in the comments!👇
My FREE Telegram Channel:
t.me/EaglePipsPro1
t.me/EaglePipsPro1
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.
My FREE Telegram Channel:
t.me/EaglePipsPro1
t.me/EaglePipsPro1
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.