🧠 Technical Analysis – XAUUSD
📊 Chart Overview:
The market is currently consolidating near 3237, within a range-bound structure.
Two major zones are marked for potential entries:
Zone 1 (Near-Term Buy): 3217–3221 (support zone)
Zone 2 (Sniper Buy): 3173–3177 (gape/demand/strong support zone)
📈 Scenario 1 – Bullish Continuation from 3217/21:
If price pulls back to 3217–3221 and shows bullish confirmation (e.g., bullish engulfing, rejection wick), a buy setup can be triggered targeting:
TP1: 3237 (intraday resistance)
TP2: 3245 (supply/previous high)
Stop Loss (SL): Below 3210 for safe protection.
📉 Scenario 2 – Deep Rejection & Buy from 3173/77:
In case of a deeper retracement, price may wick down to 3173–3177, which is a high-probability sniper buy zone due to:
Previous strong bullish reaction from this level
Clean structure for liquidity grab
Entry here gives excellent risk-reward targeting the same levels:
TP1: 3219
TP2: 3245
SL: Below 3156 (wide but optimal for structure).
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📊 Chart Overview:
The market is currently consolidating near 3237, within a range-bound structure.
Two major zones are marked for potential entries:
Zone 1 (Near-Term Buy): 3217–3221 (support zone)
Zone 2 (Sniper Buy): 3173–3177 (gape/demand/strong support zone)
📈 Scenario 1 – Bullish Continuation from 3217/21:
If price pulls back to 3217–3221 and shows bullish confirmation (e.g., bullish engulfing, rejection wick), a buy setup can be triggered targeting:
TP1: 3237 (intraday resistance)
TP2: 3245 (supply/previous high)
Stop Loss (SL): Below 3210 for safe protection.
📉 Scenario 2 – Deep Rejection & Buy from 3173/77:
In case of a deeper retracement, price may wick down to 3173–3177, which is a high-probability sniper buy zone due to:
Previous strong bullish reaction from this level
Clean structure for liquidity grab
Entry here gives excellent risk-reward targeting the same levels:
TP1: 3219
TP2: 3245
SL: Below 3156 (wide but optimal for structure).
Like, follow, and share.
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This is beautiful. Asian session generated 220+ .
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✅Free Telegram
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
Related publications
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.