Gold XAUUSD Intra-day Move 19.02.2025📊 Market Structure & Price Action Analysis:
Uptrend Confirmation: Gold has been respecting the ascending channel since $2,880, indicating strong bullish momentum.
Key Support Zone: $2,923 - $2,925, which aligns with the trendline support and has held twice.
Rejection from Resistance: $2,939, suggesting a temporary pullback before another bullish leg.
Potential Buy Zone: If price revisits $2,923 - $2,925 and holds, it presents a good long opportunity.
📈 Intraday Scalping Trade Signal (BUY Setup)
✅ Buy Entry: $2,923 - $2,925 (Wait for confirmation with bullish price action)
🎯 Take Profit (TP1): $2,939 (Short-term target)
🎯 Take Profit (TP2): $2,946 - $2,950 (Channel resistance)
🛑 Stop Loss: Below $2,915 (Trendline breakdown invalidates setup)
⚖ Risk-Reward Ratio: 1:2 or higher
🕵 Confirmation Checklist Before Entry:
✅ Bullish Candlestick Formation (e.g., bullish engulfing, pin bar at support)
✅ Trendline & Support Hold at $2,923 - $2,925
✅ Volume Increase on Buy Pressure
✅ DXY (Dollar Index) Weakness for Additional Confirmation
⚠ Risk Management:
Exit immediately if price closes below $2,915, as it would indicate a trendline breakdown.
Move SL to Breakeven once TP1 is hit.
Avoid Chasing Entry if price already starts moving higher without touching the buy zone.
📌 Trading Tip: Monitor gold's reaction at $2,923 - $2,925; a strong bounce confirms bullish strength. 🚀
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