Potential Trade Setup on XAUUSD
Overview:
Gold (XAUUSD) has shown consistent bullish momentum for over 16 months. Recently, we’ve seen a continuation of that strength, especially after breaking above the key $2,320 resistance zone. While there has been some temporary consolidation, the overall bullish structure remains intact, supported by ongoing geopolitical tensions and inflation hedging.
That said, I am still anticipating a possible continuation of the bullish momentum that has been in play for quite some time. Moving forward, I will be looking for a clear break above the 3380 region — followed by a successful retest of the breakout zone — before entering a long position.
Alternatively, a short opportunity may arise if the 3350 intraday resistance holds and the price fails to break above it. In that case, I will look for signs of further downward momentum toward the 3300 region.
🧭 Trading Plan:
✅ BUY:
Look for a break and retest of the 3355 region on the 4H timeframe.
🔻 SELL: Bias (Alternative Scenario):
If the price stays below the 3350 zone, then look for a potential short opportunity moving forward.
🎯 Targets & Risk Management: Targeting 1:2 R:R on both setups.
Overview:
Gold (XAUUSD) has shown consistent bullish momentum for over 16 months. Recently, we’ve seen a continuation of that strength, especially after breaking above the key $2,320 resistance zone. While there has been some temporary consolidation, the overall bullish structure remains intact, supported by ongoing geopolitical tensions and inflation hedging.
That said, I am still anticipating a possible continuation of the bullish momentum that has been in play for quite some time. Moving forward, I will be looking for a clear break above the 3380 region — followed by a successful retest of the breakout zone — before entering a long position.
Alternatively, a short opportunity may arise if the 3350 intraday resistance holds and the price fails to break above it. In that case, I will look for signs of further downward momentum toward the 3300 region.
🧭 Trading Plan:
✅ BUY:
Look for a break and retest of the 3355 region on the 4H timeframe.
🔻 SELL: Bias (Alternative Scenario):
If the price stays below the 3350 zone, then look for a potential short opportunity moving forward.
🎯 Targets & Risk Management: Targeting 1:2 R:R on both setups.
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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.
Related publications
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.