Gold have a powerful impulse just smashed through the entire EMA cluster — the corrective phase looks finished and the short-term structure has flipped.
$XAU – LONG Trade Plan
Entry: 4,050 – 4,065
SL: 4,020
TP1: 4,120
TP2: 4,160
TP3: 4,200
Why this setup?
Price has decisively reclaimed all four EMAs (20/50/100/200) with a strong bullish candle.
RSI spiked to 75.3 on the impulse, so waiting for a pullback toward the reclaimed EMAs offers a much better risk/reward.
The previous downtrend structure has been broken; volume expanded on the upside move.
Risk is tightly defined below the EMA cluster, while the upside targets the previous swing high and measured extensions.
Debate: Is this the start of a fresh bullish leg in gold, or just a sharp short-covering rally that will fade?
Haz click/tap aquí para operar👇
#SmartSignalsQ
$XAU – LONG Trade Plan
Entry: 4,050 – 4,065
SL: 4,020
TP1: 4,120
TP2: 4,160
TP3: 4,200
Why this setup?
Price has decisively reclaimed all four EMAs (20/50/100/200) with a strong bullish candle.
RSI spiked to 75.3 on the impulse, so waiting for a pullback toward the reclaimed EMAs offers a much better risk/reward.
The previous downtrend structure has been broken; volume expanded on the upside move.
Risk is tightly defined below the EMA cluster, while the upside targets the previous swing high and measured extensions.
Debate: Is this the start of a fresh bullish leg in gold, or just a sharp short-covering rally that will fade?
Haz click/tap aquí para operar👇
#SmartSignalsQ