Trade Idea : XAUUSD LONG ( BUY LIMIT )
Technical Analysis
1. Daily Chart:
• Strong uptrend with higher highs and higher lows.
• RSI at 71.71 (approaching overbought, but still room to run).
• MACD is strongly bullish, indicating momentum in favor of buying.
2. 15-Minute Chart:
• Pullbacks are getting bought aggressively.
• Price is making higher lows and breaking minor resistances.
• MACD remains bullish but shows slight overextension.
3. 3-Minute Chart:
• Strong bullish impulse with a recent breakout.
• RSI is above 70, confirming buying pressure.
• Momentum remains strong with no clear reversal signals.
Fundamental Analysis
• Gold is rallying amid macroeconomic uncertainty.
• US Dollar weakness could be contributing to the rise in gold prices.
• Interest rate expectations and inflation concerns support further upside for gold.
Trade Execution
Trade: Long XAU/USD
• Entry: 2935.00 (slight pullback to support for better RRR).
• Stop-Loss (SL): 2925.00 (below nearest support).
• Take-Profit (TP): 2955.00 (2:1 RRR).
XAUUSD
1. Daily Chart:
• Strong uptrend with higher highs and higher lows.
• RSI at 71.71 (approaching overbought, but still room to run).
• MACD is strongly bullish, indicating momentum in favor of buying.
2. 15-Minute Chart:
• Pullbacks are getting bought aggressively.
• Price is making higher lows and breaking minor resistances.
• MACD remains bullish but shows slight overextension.
3. 3-Minute Chart:
• Strong bullish impulse with a recent breakout.
• RSI is above 70, confirming buying pressure.
• Momentum remains strong with no clear reversal signals.
Fundamental Analysis
• Gold is rallying amid macroeconomic uncertainty.
• US Dollar weakness could be contributing to the rise in gold prices.
• Interest rate expectations and inflation concerns support further upside for gold.
Trade Execution
Trade: Long XAU/USD
• Entry: 2935.00 (slight pullback to support for better RRR).
• Stop-Loss (SL): 2925.00 (below nearest support).
• Take-Profit (TP): 2955.00 (2:1 RRR).
XAUUSD 
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.