$XAU /USDT – weekly/ daily Trade Setup
🟢 Trade Plan — BUY (Long)
Buy Zone: $4,020 – $4,050 after breakout in the attached image in green square
🎯 TP 1: $4,120
🎯 TP 2: $4,180+
🛑 SL: $3,970
Notes: Price is rebounding strongly from recent lows and pushing back toward the descending resistance trendline. A confirmed daily close above this immediate boundary can spark an impulsive continuation toward higher supply blocks.
Moving Averages Outlook: Short-term moving averages are flattening out as the market recovers from recent volatility dips, while longer-term moving averages still reflect a macro consolidation phase.
Recommendation: Go for the BUYing trade. With the recent bullish bounce and momentum testing the descending trendline, the path of least resistance favors a breakout continuation to the upside. However, keep position sizes moderate until a clean daily candle confirmation clears the overhead resistance.
#gold #XAUUSD #XAU
🟢 Trade Plan — BUY (Long)
Buy Zone: $4,020 – $4,050 after breakout in the attached image in green square
🎯 TP 1: $4,120
🎯 TP 2: $4,180+
🛑 SL: $3,970
Notes: Price is rebounding strongly from recent lows and pushing back toward the descending resistance trendline. A confirmed daily close above this immediate boundary can spark an impulsive continuation toward higher supply blocks.
Moving Averages Outlook: Short-term moving averages are flattening out as the market recovers from recent volatility dips, while longer-term moving averages still reflect a macro consolidation phase.
Recommendation: Go for the BUYing trade. With the recent bullish bounce and momentum testing the descending trendline, the path of least resistance favors a breakout continuation to the upside. However, keep position sizes moderate until a clean daily candle confirmation clears the overhead resistance.
#gold #XAUUSD #XAU
