Gold (XAU/USD) Long Setup – Strong Support Bounce & Potential Reversal
Timeframe: 4H
Gold recently bounced off a well-defined strong support zone near $3,263, forming a potential double bottom structure. The price is now showing early signs of reversal with bullish momentum building.
Key Levels:
Entry: ~$3,294
Stop Loss: Below $3,263 (support zone)
Target 1: $3,349 (minor resistance)
Target 2: $3,413 (major resistance)
Technical Confluence:
Price respected historical support (highlighted by multiple bounces)
Bullish price action with a recovery structure
Opportunity for upside retracement toward previous supply zones
Fundamental Outlook:
Gold may see bullish pressure amid geopolitical uncertainty and potential central bank dovish pivot
Market awaiting key macroeconomic data – watch for volatility spikes
Bias: Bullish (Short-to-Medium Term)
A solid buy setup for traders looking to capitalize on price recovery from a strong support zone with clearly defined risk
Timeframe: 4H
Gold recently bounced off a well-defined strong support zone near $3,263, forming a potential double bottom structure. The price is now showing early signs of reversal with bullish momentum building.
Key Levels:
Entry: ~$3,294
Stop Loss: Below $3,263 (support zone)
Target 1: $3,349 (minor resistance)
Target 2: $3,413 (major resistance)
Technical Confluence:
Price respected historical support (highlighted by multiple bounces)
Bullish price action with a recovery structure
Opportunity for upside retracement toward previous supply zones
Fundamental Outlook:
Gold may see bullish pressure amid geopolitical uncertainty and potential central bank dovish pivot
Market awaiting key macroeconomic data – watch for volatility spikes
Bias: Bullish (Short-to-Medium Term)
A solid buy setup for traders looking to capitalize on price recovery from a strong support zone with clearly defined risk
Trade active
Note
Congratulations All Guys Gold Buy Reached at $3330 We Running in 350 pips Profit Trade closed: target reached
All Target Complete We Won 600+ Pips Profit 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.