TradingView Analysis: Gold (XAU/USD) – Long Position Setup🔑 Key Trade Details:
Entry Zone: 2638-2636 (15 Min Order Block)
Stop Loss (SL): 2630 (Below structural low)
Take Profit (TP): 2662 (1H Order Block)
Risk-to-Reward Ratio (RR): 1:4
📈 Market Structure:
Clear W-pattern forming on the 15-minute timeframe.
Price has tapped into a 15 Min OB with strong bullish intent.
Anticipating a pullback followed by a continuation to the 1H OB zone at 2662.
🎯 Trade Plan:
Wait for price confirmation in the 2638-2636 zone.
Monitor lower timeframes for bullish momentum before executing.
Target the high at 2662 while maintaining strict risk management.
💬 Thoughts:
This setup offers a high RR opportunity (1:4) with clear structure and confluence zones supporting the bullish bias.
Let me know your thoughts on this analysis! 🚀✨