XAUUSD GOING LONGLong Analysis of XAUUSD – 4H Timeframe
Market Structure:
The price is in a corrective phase but remains within a broader bullish trend.
The Fair Value Gap (FVG) and demand zone near $2,600 provide potential support for a long setup.
Key Zones:
Golden Zone: Price has previously rejected this supply area. A clean break above $2,660 could signal further bullish momentum.
Demand Zone: The price is reacting around the $2,640 level, indicating buying interest.
Entry Strategy:
Look for bullish confirmation around the FVG/demand zone ($2,600-$2,640).
A clear break above $2,658 and consolidation would confirm bullish continuation.
Targets:
TP1: $2,687 – aligned with a minor resistance level.
TP2: $2,727 – at the upper resistance near the supply zone.
Risk Management:
Stop-loss should be placed below the demand zone, near $2,593, to limit downside risk.
Outlook:
Bullish opportunities are favorable if price maintains support at key zones and forms higher lows. Watch for breakout confirmation above structural resistance. FX:XAUUSD
