🟡 GOLD 4H Setup: Range-Base LONG (XAUUSDT Perp)
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📊 Bias: Oversold bounce attempt. Gold trades near 3893 (+0.1% 24H) and has held a tight 3887-3896 box for three days since the Oct 30 flush to 3881. Trend is still down: EMA20 3922, EMA50 3975, EMA200 4105.
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🧱 Support: 3884-3890, 3881, 3868
🚧 Resistance: 3914, 3922 (EMA20), 3975 (EMA50), 4002
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🎯 Plan (LONG)
Entry: 3884-3890
Stop loss: 3868
TP1: 3914
TP2: 3975
TP3: 4002
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🧠 Why: Sellers failed to push below 3881 all weekend, and the new week opens just above that floor. A pop back to the Oct 30 breakdown candle and EMA50 is the natural first test.
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⚠️ Risk: Counter-trend trade. A 4H close under 3868 confirms the next leg down, so keep size small.
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Not financial advice. DYOR.
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