Gold (XAUUSD) is still riding a solid bullish wave after yesterday's strong move. The price surged sharply and is now setting up a classic break-and-retest pattern around the 3239 demand zone on the 30-minute chart.
After hitting a local peak, the price pulled back to the previous breakout level, creating a potential re-entry point for buyers. This movement fits well with the intraday structure and momentum, making it a high-probability continuation setup.
As long as the 3231 support level holds, the bullish outlook stays intact. The rejection wick from this area shows early signs of buyer interest, and a small bullish candle confirmation from here could spark another upward move.
🔹 Trade Plan:
Entry: 3239 (retest of broken structure)
Stop Loss: 3231 (below rejection wick & minor support)
Take Profits:
TP1: 3248 – minor resistance
TP2: 3255 – price imbalance fill
TP3: 3264 – extended target / top liquidity zone
After hitting a local peak, the price pulled back to the previous breakout level, creating a potential re-entry point for buyers. This movement fits well with the intraday structure and momentum, making it a high-probability continuation setup.
As long as the 3231 support level holds, the bullish outlook stays intact. The rejection wick from this area shows early signs of buyer interest, and a small bullish candle confirmation from here could spark another upward move.
🔹 Trade Plan:
Entry: 3239 (retest of broken structure)
Stop Loss: 3231 (below rejection wick & minor support)
Take Profits:
TP1: 3248 – minor resistance
TP2: 3255 – price imbalance fill
TP3: 3264 – extended target / top liquidity zone
🎭 Fakeout is art. Trap is real.
📉 I don’t follow trends, I end them.
🕵🏽 SMC | XAU | Reversal Zone Only
⚡️ Tgram t.me/+iqOi7g1atDw5N2Q0
📉 I don’t follow trends, I end them.
🕵🏽 SMC | XAU | Reversal Zone Only
⚡️ Tgram t.me/+iqOi7g1atDw5N2Q0
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.
🎭 Fakeout is art. Trap is real.
📉 I don’t follow trends, I end them.
🕵🏽 SMC | XAU | Reversal Zone Only
⚡️ Tgram t.me/+iqOi7g1atDw5N2Q0
📉 I don’t follow trends, I end them.
🕵🏽 SMC | XAU | Reversal Zone Only
⚡️ Tgram t.me/+iqOi7g1atDw5N2Q0
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.