XAU/USD (Gold) Trade Setup – High-Probability Long Position

📈 XAU/USD (Gold) Trade Setup – High-Probability Long Position 🚀

🔹 Timeframe: 1H (Short-Term Outlook)
🔹 Strategy: Trend Continuation – Ascending Channel Break & Retest

🎯 Trade Plan:

✅ Entry Zone: Around 2,904 (Retest of Channel Support)
✅ Take Profit 1: 2,929 (First Resistance Level)
✅ Take Profit 2: 2,977 (Major Target)
❌ Stop Loss: 2,870 (Below Key Support)

📊 Market Structure: Gold is trending upwards inside a well-defined ascending channel. The price is currently testing channel support, offering an excellent long opportunity.

💡 Why This Trade?
✔️ Strong bullish momentum
✔️ Clear risk-reward ratio
✔️ Institutional buying interest in this zone

📢 Pro Tip: Watch for confirmation before entering—bullish engulfing or breakout above 2,910 could signal strength.

🔥 Let me know your thoughts! Are you taking this trade? 🔥