Gold
Long

Gold XAU/USD Bullish Reversal Setup – Targeting $3,454.65

625
Price: $3,384.41

Strategy: Buy/Long

🟦 Key Levels:
Entry Zone: Around $3,345.76
This level aligns with a previously tested support zone marked in purple.

Stop Loss: $3,331.56
Below the support zone, providing downside protection if the setup fails.

Target (TP): $3,454.65
Marked as EA TARGET POINT, suggesting a potential upside of 3.16% (~$105.83 gain).

📊 Technical Indicators:
Moving Averages:

200 EMA (blue): Near the entry level, adds strength to the support zone.

50 EMA (red): Recently crossed below price, indicating early bullish momentum.
Price Action:
Sharp bounce from support suggests buying interest.
Potential inverse head and shoulders pattern forming, which is a bullish reversal pattern.
🧠 Trade Idea:
Buy near $3,345.76,
Stop Loss at $3,331.56,
Take Profit at $3,454.65
Risk/Reward Ratio ≈ 1:3.3 — favorable setup for long positions.

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