"Gold’s Critical Bounce Zone – Is $3,400 the Next Magnet Level?"
📊 XAUUSD is showing a textbook bullish structure setup after forming a Higher Low right above strong support at $3,339. Price is now trading inside the Entry Zone ($3,348 – $3,339), an area that aligns with:
✅ Order Block Support
✅ Previous Break of Structure (BOS)
✅ Smart Money Fair Value Gap (FVG) retest
🧐 Market Structure Insight
Recent BOS flipped bias to bullish after buyers pushed through prior resistance.
A bullish FVG from earlier in the trend still holds influence, attracting price back for a healthy retest.
The current Higher Low shows buyers stepping in early, maintaining upward momentum.
Strong resistance is located at $3,400 – $3,440, which also acts as a psychological magnet for traders.
🎯 Trade Plan (Educational Example)
Entry Zone: 3,348 – 3,339 📍
Stop Loss: below 3,339 🛑
Target 1: 3,380 🎯 (partial profits)
Target 2: 3,400 ⭐ (main target)
Extended Target: 3,420 – 3,440 💎
📈 Reward to Risk: ~1.6R to the main target, with potential 2.9R to extended resistance if momentum accelerates.
📊 XAUUSD is showing a textbook bullish structure setup after forming a Higher Low right above strong support at $3,339. Price is now trading inside the Entry Zone ($3,348 – $3,339), an area that aligns with:
✅ Order Block Support
✅ Previous Break of Structure (BOS)
✅ Smart Money Fair Value Gap (FVG) retest
🧐 Market Structure Insight
Recent BOS flipped bias to bullish after buyers pushed through prior resistance.
A bullish FVG from earlier in the trend still holds influence, attracting price back for a healthy retest.
The current Higher Low shows buyers stepping in early, maintaining upward momentum.
Strong resistance is located at $3,400 – $3,440, which also acts as a psychological magnet for traders.
🎯 Trade Plan (Educational Example)
Entry Zone: 3,348 – 3,339 📍
Stop Loss: below 3,339 🛑
Target 1: 3,380 🎯 (partial profits)
Target 2: 3,400 ⭐ (main target)
Extended Target: 3,420 – 3,440 💎
📈 Reward to Risk: ~1.6R to the main target, with potential 2.9R to extended resistance if momentum accelerates.
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join our Telegram t.me/Mentor_Michael033
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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.
Market Analyst | XAU/USD Focused
Educational Content & Technical Breakdowns Premium
VIP Signals Live trades & strategies shared daily
join our Telegram t.me/Mentor_Michael033
Message Me to Join VIP Mentorship t.me/Mentor_Michael03
Educational Content & Technical Breakdowns Premium
VIP Signals Live trades & strategies shared daily
join our Telegram t.me/Mentor_Michael033
Message Me to Join VIP Mentorship t.me/Mentor_Michael03
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.