Gold has bounced strongly from the recent lows, and I’m leaning bullish on XAUUSD. With the US dollar and Treasury yields retreating, the rebound has room to continue IMO — but I’m not chasing price near resistance.
On my 10-minute chart, gold is trading around $4,185 after being rejected near $4,198. I’m watching the $4,170–$4,180 support zone for a potential long entry.
My trading plan is clear: entry at $4,170–$4,180, TP1 at $4,205, TP2 at $4,230, and SL at $4,160. The 10-point-wide entry zone gives the trade some breathing room, while the stop sits below support. If gold breaks below $4,160, my bullish setup is invalidated.
I’m using Bitget CFD Demo Trading to test this thesis with virtual funds before risking real capital. The $10,000 demo balance lets me practice entries, stop-losses, take-profits, and leverage management while getting familiar with the trading interface.
My focus is on execution, not just predicting direction. I want to see whether buyers can defend support and push gold toward $4,205 and eventually $4,230.
What’s your take — can gold break above $4,200, or are sellers about to take control again? Let’s exchange ideas in Trade Talk and learn from each other’s setups.
