XAUUSD READY TO BOOM 3000?Market Structure:
I N B O X- F O R -T R A D E -S I G N A L S
The price has been in an uptrend but recently experienced a pullback.
After making a higher high, the market retraced and is now showing a possible bullish reversal.
Trade Setup:
A long (buy) position is placed, with the entry point around 2,935.725.
Stop-Loss (SL): 2,927.165 (marked in red).
Take-Profit (TP): 2,955.208 (marked in blue).
Risk-Reward Ratio:
The trade is structured with a risk-reward ratio greater than 1:1, which indicates a balanced approach to risk management.
Key Levels to Watch:
Support: 2,930.000 (recent low).
Resistance: 2,955.000 (target level).
If price breaks above the 2,955 resistance, the next target could be 2,970+.
Possible Trading Strategy:
Bullish Confirmation: If price sustains above 2,941, it could indicate further upside momentum.
Bearish Risk: If price falls below 2,935, the trade setup might become invalid, leading to a stop-loss hit.
Conclusion:
📌 The market is currently at a key decision point. If the price maintains above 2,935, buyers may push towards the 2,955 level. However, if the price breaks below support, a deeper pullback may occur. Risk management is crucial in this setup.
