$XAU go long
【U.S. House Ways and Means Committee passes a proposal to exempt taxes on small Bitcoin network fees】
The U.S. House Ways and Means Committee has passed a proposal to exempt taxes on fees for small Bitcoin network transactions.
With the news landing, uncertainty decreases. The XAU technical indicators stabilize, and rebound momentum keeps building.
Entry: 4291-4343
Take profit: 4359
Stop loss: 4192
From the moving average system, the 5-day moving average has already turned upward and is about to cross above the 10-day moving average. A bullish alignment of the short-term moving averages is forming. When price reclaims and holds above the EMA20, that will be the confirmation signal—then adding positions will be in time. For now, hold the initial core position.
To be honest, I’ve been watching this level for quite a while. Price has pulled back from above all the way to around 4317, right slightly above the EMA20 (4287). This spot wasn’t chosen casually—EMA20 is the lifeline of the short-term trend. The fact that price doesn’t break below it shows the bulls haven’t surrendered yet. It’s a typical "pullback confirmation" pattern.
The take-profit level wasn’t decided on a whim. It’s calculated based on the 1-hour chart Bollinger Band upper rail and the prior range high. 4359 happens to sit right at the intersection of two resistance levels. When it reaches there, the profit-taking by longs and the repositioning/covering orders will hit together. It will be hard to push through in one go—so it’s better to exit first.
I set my stop loss relatively wide—not because I’m not afraid of losses, but because the 4317 to 4192 area is within normal fluctuation. Making it too tight could get you shaken out. But once it breaks below 4192, then it’s no longer normal fluctuation—it means a trend reversal. You must leave decisively.
🔴Click here to place an order 👉👉👉 $XAU
【U.S. House Ways and Means Committee passes a proposal to exempt taxes on small Bitcoin network fees】
The U.S. House Ways and Means Committee has passed a proposal to exempt taxes on fees for small Bitcoin network transactions.
With the news landing, uncertainty decreases. The XAU technical indicators stabilize, and rebound momentum keeps building.
Entry: 4291-4343
Take profit: 4359
Stop loss: 4192
From the moving average system, the 5-day moving average has already turned upward and is about to cross above the 10-day moving average. A bullish alignment of the short-term moving averages is forming. When price reclaims and holds above the EMA20, that will be the confirmation signal—then adding positions will be in time. For now, hold the initial core position.
To be honest, I’ve been watching this level for quite a while. Price has pulled back from above all the way to around 4317, right slightly above the EMA20 (4287). This spot wasn’t chosen casually—EMA20 is the lifeline of the short-term trend. The fact that price doesn’t break below it shows the bulls haven’t surrendered yet. It’s a typical "pullback confirmation" pattern.
The take-profit level wasn’t decided on a whim. It’s calculated based on the 1-hour chart Bollinger Band upper rail and the prior range high. 4359 happens to sit right at the intersection of two resistance levels. When it reaches there, the profit-taking by longs and the repositioning/covering orders will hit together. It will be hard to push through in one go—so it’s better to exit first.
I set my stop loss relatively wide—not because I’m not afraid of losses, but because the 4317 to 4192 area is within normal fluctuation. Making it too tight could get you shaken out. But once it breaks below 4192, then it’s no longer normal fluctuation—it means a trend reversal. You must leave decisively.
🔴Click here to place an order 👉👉👉 $XAU