The SPCX strategy setup shared earlier played out as expected, and we’ve locked in a solid profit. High-reward opportunities often emerge when market disagreement is greatest. $XAU retested trendline support for the second time and still held, so at this level, I’m willing to take the long side. Looking at the chart, volume has contracted progressively during the pullback, suggesting selling pressure isn’t persistent. Meanwhile, repeated tests have made the support below even clearer.
The next resistance zones to watch are the key round-number levels above. If price reclaims them with strong volume, the structure shifts from defense to offense. When crypto markets weaken, gold’s safe-haven appeal can draw capital back in—that’s the core rationale behind my long position here. The risk is that if support breaks decisively, we’ll need to reassess the outlook, so position management matters more than direction.
🟢 Trade direction: Long
📍 Entry range: 4141 – 4171
🛑 Stop loss: 4071
🎯 Take profit 1: 4201
🎯 Take profit 2: 4251
🎯 Take profit 3: 4301
🎯 Take profit 4: 4401
Gaze upon the vastness of mountains and seas; observe the market’s every nuance.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#XAU
Click below to trade 👇
The next resistance zones to watch are the key round-number levels above. If price reclaims them with strong volume, the structure shifts from defense to offense. When crypto markets weaken, gold’s safe-haven appeal can draw capital back in—that’s the core rationale behind my long position here. The risk is that if support breaks decisively, we’ll need to reassess the outlook, so position management matters more than direction.
🟢 Trade direction: Long
📍 Entry range: 4141 – 4171
🛑 Stop loss: 4071
🎯 Take profit 1: 4201
🎯 Take profit 2: 4251
🎯 Take profit 3: 4301
🎯 Take profit 4: 4401
Gaze upon the vastness of mountains and seas; observe the market’s every nuance.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#XAU
Click below to trade 👇