$XAU Long
Gold is pulling back from the 3,978 spike and is holding a series of higher lows above its 3,886 low. I'm waiting for a dip into support rather than chasing the move.
Entry: 3,918 – 3,926
Stop-loss: 3,905
- TP1: 3,950
- TP2: 3,978
- TP3: 4,000
Reason: Higher lows since the 3,886 low, heavy bids in the order book, and the 3,920 zone is the first support after the breakout. A 1H close above 3,980 opens 4,000. A 1H close below 3,905 invalidates the setup.
📰 News: Gold rebounded as falling oil prices tempered inflation worries, and uncertainty around today's US midterm elections could boost safe-haven flows. The probability of another Fed rate increase remains above 70%, which caps the upside. Expect sharp moves around election headlines, so keep size small.
⚠️ Small size, low leverage.
Personal view, not financial advice. DYOR.
#XAU #Gold #Binance #futures
Gold is pulling back from the 3,978 spike and is holding a series of higher lows above its 3,886 low. I'm waiting for a dip into support rather than chasing the move.
Entry: 3,918 – 3,926
Stop-loss: 3,905
- TP1: 3,950
- TP2: 3,978
- TP3: 4,000
Reason: Higher lows since the 3,886 low, heavy bids in the order book, and the 3,920 zone is the first support after the breakout. A 1H close above 3,980 opens 4,000. A 1H close below 3,905 invalidates the setup.
📰 News: Gold rebounded as falling oil prices tempered inflation worries, and uncertainty around today's US midterm elections could boost safe-haven flows. The probability of another Fed rate increase remains above 70%, which caps the upside. Expect sharp moves around election headlines, so keep size small.
⚠️ Small size, low leverage.
Personal view, not financial advice. DYOR.
#XAU #Gold #Binance #futures
