GOLD (XAU/USD) – Premium Intraday Analysis
📅 Timeframe: 15m / 1H
📊 Market Context:
Price consolidating near key support 2030–2035
Short-term trend: bullish reversal potential
Moving averages: 50MA & 100MA below current price, providing support
💰 Entry Plan:
Long position on candle close above 2035–2038
Confirmation: strong green candle with volume
🎯 Profit Targets:
TP1: 2045 – short-term swing
TP2: 2055 – breakout continuation
TP3: 2070 – extended move
🛑 Stop Loss: 2022
🔍 Technical Rationale:
Support Zone: Historical bounce around 2030–2035
Momentum: RSI showing early bullish divergence
Risk/Reward: Favorable (1:2+), ideal for intraday scalping or swing
⚠️ Risk Reminder:
This is market analysis, not financial advice.
Adjust position size according to your risk tolerance.
Gold can spike quickly during US economic releases.
💬 Discussion Prompt for Engagement:
Are we seeing a breakout above 2050, or is rejection coming? Share your strategy!
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