$XAU has gone from 4,567.87 to 4,635.77, but the real battle is happening now inside a tight 15m range.
After the sharp rally, price has cooled into consolidation around 4,612. I like that buyers are still defending the 4,600 area, but I don't like the repeated hesitation below 4,624.23. This is a confirmation setup, not a chase.
Plan: conditional long above resistance.
Entry: 4,625–4,630
SL: 4,606
TP1: 4,640
TP2: 4,655
TP3: 4,675
Bullish case: a 15m close above 4,624.23 can put the recent 4,635.77 high back in play and potentially extend the move.
Bearish case: rejection from 4,624 followed by a clean break below 4,594.35 would invalidate the long idea and signal deeper cooling.
My preference here is simple: let the range reveal its direction before committing. Does XAUUSDT break the ceiling, or is this consolidation preparing for another pullback?
#XAU
#USDollarFallsToThreeMonthLow #SamsungToAnnounceNewShareholderReturnPlanFriday
After the sharp rally, price has cooled into consolidation around 4,612. I like that buyers are still defending the 4,600 area, but I don't like the repeated hesitation below 4,624.23. This is a confirmation setup, not a chase.
Plan: conditional long above resistance.
Entry: 4,625–4,630
SL: 4,606
TP1: 4,640
TP2: 4,655
TP3: 4,675
Bullish case: a 15m close above 4,624.23 can put the recent 4,635.77 high back in play and potentially extend the move.
Bearish case: rejection from 4,624 followed by a clean break below 4,594.35 would invalidate the long idea and signal deeper cooling.
My preference here is simple: let the range reveal its direction before committing. Does XAUUSDT break the ceiling, or is this consolidation preparing for another pullback?
#XAU
#USDollarFallsToThreeMonthLow #SamsungToAnnounceNewShareholderReturnPlanFriday