Gold (XAUUSD) has shown strong bullish rejection from the lower volatility band after a sharp selloff. The appearance of a Heikin Ashi reversal candle, suggests a short-term reversal is forming. Price has reclaimed key structure and is now targeting a reversion back to the mean, supported by Fibonacci retracement levels.
Entry: 3293.55
Target Zone: 3308.91 → 3333.76 (Fib 38.2% – 100%)
Stop Loss: 3253.35
Confluences:
✅ Bullish engulfing + Heikin Ashi trend shift
✅ Oversold bounce from lower channel extremity
✅ Fib retracement aligns with key structural resistance zones
✅ Custom signal confirmation (green dot)
✅ Clean R:R toward upper band and previous POI
Short-term counter-trend long targeting liquidity grab and mean reversion toward the 3308–3333 zone. Risk tightly managed with SL below local swing low.
Entry: 3293.55
Target Zone: 3308.91 → 3333.76 (Fib 38.2% – 100%)
Stop Loss: 3253.35
Confluences:
✅ Bullish engulfing + Heikin Ashi trend shift
✅ Oversold bounce from lower channel extremity
✅ Fib retracement aligns with key structural resistance zones
✅ Custom signal confirmation (green dot)
✅ Clean R:R toward upper band and previous POI
Short-term counter-trend long targeting liquidity grab and mean reversion toward the 3308–3333 zone. Risk tightly managed with SL below local swing low.
Trade active
Trade closed manually
Looks like it's going down again Note
Re-entered again at 3281Note
Full hit TP
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.
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.