XAUUSD (GOLD) INTRADAY ANALYSIS – BULLISH BIAS
🔹 Market Outlook: Gold (XAUUSD) maintains a bullish structure today, with potential upside targets at $2,921 – $2,928 if momentum sustains.
📌 Technical Analysis:
✅ Trend: Bullish above $2,900
✅ Key Resistance Levels: $2,921 – $2,928
✅ Key Support Levels: $2,895 – $2,900
✅ Indicators:
🔸 EMA Crossover – 50 EMA above 200 EMA, confirming bullish trend ✅
🔸 RSI (14): Hovering near 65, indicating bullish momentum without overbought conditions 📊
🔸 ATR: Rising, signaling increased volatility ⚡
🔸 Order Blocks & Market Structure Shift (MSS): Buyers accumulating above $2,900
📌 Trading Plan:
🎯 Bullish Bias Above $2,900
📌 Entry: Look for buy positions near support at $2,900 – $2,905
📌 Targets: $2,921, then $2,928 (extended)
📌 Stop-Loss: Below $2,895 to mitigate risk
📌 Risk Management: Use 1-2% risk per trade with proper lot sizing
🔔 Stay alert for news events that could trigger volatility! 📢
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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.