Strategy Type: Intraday Trend Trading (Buy-the-Dip)
Timeframe: 30-Minute (M30)
Market Bias: Bullish
Execution Style: Step-Ladder Scaling into Strength
🧠 Market Outlook
Gold remains in a bullish trend structure, supported by geopolitical risk, moderate inflation sentiment, and the weakening US Dollar. While Friday showed signs of short-term exhaustion, price is still forming higher lows on the 30-minute chart, suggesting intraday momentum remains to the upside.
Based on current price action and Fibonacci retracement levels, I expect a healthy pullback early Monday before a push towards new short-term highs. I will be trading in phases — buying on dips and scaling out at each resistance zone.
✅ Phase 1: Buy on Dip at 3352 (Key Support Zone)
Entry Zone: 3352
Reasoning:
3352 lines up with M30 demand zone (previous accumulation area)
61.8% Fibonacci retracement of the last M30 bullish swing
Likely to act as intraday support if price retraces from current levels
Confirmation:
Strong bullish candlestick reversal (e.g. bullish engulfing, hammer, or rejection wick) on M30
Volume uptick or bullish divergence on RSI preferred
Stop Loss:
Just below 3346 (below the last valid swing low to protect the trade)
🎯 Target 1: 3361
Why: This is the first intraday resistance and previous minor high on M30
Action:
Secure partial profits (~50%)
Move SL to breakeven or +5 pips to protect capital
Wait for next retracement
✅ Phase 2: Wait for Pullback After 3361
Retracement Zone: Expected dip to 3356–3358 area (new higher low)
Re-Entry Condition:
Retest of breakout level with strong bullish candle on M30
Maintain bullish market structure
🎯 Target 2: 3370
Why: This is the next resistance zone and price magnet based on Friday's volume profile
Action:
Secure additional 30% profit
Trail SL below structure (~3362)
✅ Phase 3: Wait for Final Dip Before Final Push
Retracement Zone: Around 3364–3366 (support flip area)
Re-Entry Condition:
Rejection of this zone with continuation pattern (bullish flag, ascending triangle)
🎯 Target 3: 3379
Why: 3379 is near the top of current intraday channel and strong resistance on 4H/M30
Action:
Close all remaining positions
Assess for potential breakout above 3380 only if momentum is strong
⚠️ Risk Management Plan
Max Risk: 1.5% account risk split across 3 phases (0.5% per entry)
All SLs defined before entry — no averaging down
Trades invalidated if price breaks and closes below 3346 on M30
🔁 Summary Table
Entry Level Target Action
Buy @ 3352 TP1 = 3361 Secure partial profit, trail SL
Re-buy ~3356–3358 TP2 = 3370 Secure partial profit, trail SL
Re-buy ~3364–3366 TP3 = 3379 Close full position
🧭 Other Key Watch Points
DXY: Watching for rejection below 104.60 – bullish for Gold
News Events: Low-impact day; watch for any unscheduled Fed speakers
RSI + Volume: Using RSI (14) and OBV to confirm entry strength on M30
Timeframe: 30-Minute (M30)
Market Bias: Bullish
Execution Style: Step-Ladder Scaling into Strength
🧠 Market Outlook
Gold remains in a bullish trend structure, supported by geopolitical risk, moderate inflation sentiment, and the weakening US Dollar. While Friday showed signs of short-term exhaustion, price is still forming higher lows on the 30-minute chart, suggesting intraday momentum remains to the upside.
Based on current price action and Fibonacci retracement levels, I expect a healthy pullback early Monday before a push towards new short-term highs. I will be trading in phases — buying on dips and scaling out at each resistance zone.
✅ Phase 1: Buy on Dip at 3352 (Key Support Zone)
Entry Zone: 3352
Reasoning:
3352 lines up with M30 demand zone (previous accumulation area)
61.8% Fibonacci retracement of the last M30 bullish swing
Likely to act as intraday support if price retraces from current levels
Confirmation:
Strong bullish candlestick reversal (e.g. bullish engulfing, hammer, or rejection wick) on M30
Volume uptick or bullish divergence on RSI preferred
Stop Loss:
Just below 3346 (below the last valid swing low to protect the trade)
🎯 Target 1: 3361
Why: This is the first intraday resistance and previous minor high on M30
Action:
Secure partial profits (~50%)
Move SL to breakeven or +5 pips to protect capital
Wait for next retracement
✅ Phase 2: Wait for Pullback After 3361
Retracement Zone: Expected dip to 3356–3358 area (new higher low)
Re-Entry Condition:
Retest of breakout level with strong bullish candle on M30
Maintain bullish market structure
🎯 Target 2: 3370
Why: This is the next resistance zone and price magnet based on Friday's volume profile
Action:
Secure additional 30% profit
Trail SL below structure (~3362)
✅ Phase 3: Wait for Final Dip Before Final Push
Retracement Zone: Around 3364–3366 (support flip area)
Re-Entry Condition:
Rejection of this zone with continuation pattern (bullish flag, ascending triangle)
🎯 Target 3: 3379
Why: 3379 is near the top of current intraday channel and strong resistance on 4H/M30
Action:
Close all remaining positions
Assess for potential breakout above 3380 only if momentum is strong
⚠️ Risk Management Plan
Max Risk: 1.5% account risk split across 3 phases (0.5% per entry)
All SLs defined before entry — no averaging down
Trades invalidated if price breaks and closes below 3346 on M30
🔁 Summary Table
Entry Level Target Action
Buy @ 3352 TP1 = 3361 Secure partial profit, trail SL
Re-buy ~3356–3358 TP2 = 3370 Secure partial profit, trail SL
Re-buy ~3364–3366 TP3 = 3379 Close full position
🧭 Other Key Watch Points
DXY: Watching for rejection below 104.60 – bullish for Gold
News Events: Low-impact day; watch for any unscheduled Fed speakers
RSI + Volume: Using RSI (14) and OBV to confirm entry strength on M30
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.
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.