Gold Spot / U.S. Dollar
Long
Updated

"XAUUSD Long Setup: Bullish Reversal from Demand Zone with Multi

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Chart Overview:

Instrument: XAUUSD

Current Price: Around 3,012.705 USD

Timeframe: 1-hour candlesticks (visible from the selected “1h” timeframe)

Date Range: The visible candles range from April 2 to April 8, 2025

Trend Analysis:

A strong bearish trend is visible, followed by a bullish reversal from a demand/support zone.

The price bounced back from the 2,979.962 - 2,999.157 zone (marked in blue and red, likely a buy zone or support).

A recovery is underway, with price approaching the first target zone around 3,060.829.




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Key Zones and Price Levels:

Support Zone (Entry Zone):

Buy Area: 2,979.962 (Stop Loss Zone)

Entry: Around 2,999.157


Target Zones (Take Profits):

TP1: 3,060.829

TP2: 3,072.264

TP3: 3,137.611


Current Price Action:

The market is trading above the entry and heading toward TP1.

Strong bullish momentum after a clear reversal.




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General Interpretation:

This is a well-structured long trade setup on XAUUSD. It shows an entry from a demand zone with a good risk-reward ratio targeting multiple resistance levels. Likely based on supply/demand or price action trading strategy.


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Trade active
snapshot
Trade closed: target reached
800 pips

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