Gold Spot / U.S. Dollar
Long
Updated

GOLD (XAU/USD) 4H CHART โ€“ BULLISH BREAKOUT TRADE SETUP

1โ€ฏ616
๐Ÿ”ต Trendline Breakout ๐Ÿ“ˆ
๐Ÿ“ Price broke above a descending trendline, signaling a potential bullish reversal.

๐Ÿ”ผ This breakout is often seen as a buy signal by traders.

๐Ÿงฑ Resistance Area ๐Ÿ›‘

๐Ÿ”น Price has entered and broken through a horizontal resistance zone.

๐Ÿ”„ This zone may now flip into support, adding confidence to the long setup.

๐ŸŸง Demand Zone ๐Ÿ“ฆ

๐Ÿ“ Marked between 3,267 โ€“ 3,298.

๐Ÿ›ก๏ธ Strong buying interest historically observed in this area.

๐Ÿ“‰ EMA (70) at 3,298.065 acts as dynamic support.

๐ŸŸฆ Entry Point ๐Ÿšช

๐ŸŽฏ Entry Level: 3,322.930

๐Ÿ”„ Enter after retest confirmation or bullish candle above resistance.

๐Ÿ”ด Stop Loss โ›”

โš ๏ธ SL Level: 3,267.993

๐Ÿ’ฃ Below the demand zone and EMA โ€” protecting against false breakouts.

๐ŸŸฉ Target Point ๐ŸŽฏ

๐Ÿš€ TP Level: 3,490.000

๐Ÿ“Œ Prior high zone โ€” strong historical resistance expected here.

๐Ÿ’ฐ Trade Setup Summary

โœ… Buy Above: 3,322.930

โŒ Stop Loss: 3,267.993

๐ŸŽฏ Target: 3,490.000

๐Ÿ“Š Risk/Reward Ratio: Favorable (approx. 1:3)

๐Ÿ”Ž Technical Confidence Levels

๐Ÿ”ต EMA Support โœ…

๐Ÿ”ต Trendline Breakout โœ…
๐Ÿ”ต Resistance Flip โœ…

๐Ÿ”ด False Breakout Risk
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