Trade Idea: XAUUSD Long (BUY LIMIT)

Technical Analysis
1. Daily Chart (Macro View):
• Trend: Strong bullish trend, price at 2933.30, nearing overbought RSI (69.87) but not extreme.
• MACD: Strong bullish momentum (MACD 54.58 > Signal 56.73), indicating sustained buying pressure.
• Resistance Level: Around 2945, with room to test or break.
• Support Level: Around 2813.30.
2. 15-Min Chart (Mid-Term View):
• Trend: Pullback within the bullish structure.
• MACD: Flatlining around 0, signaling consolidation.
• RSI: 42.55, suggesting room for upward movement.
• Key Zone: Price hovering around 2933, consolidating before potential breakout.
3. 3-Min Chart (Entry Timing):
• Trend: Recent short-term pullback.
• MACD: Bearish crossover but flattening out.
• RSI: 32.63, nearing oversold levels, indicating possible short-term bounce.

Fundamental Analysis
• Gold Bullish Sentiment Drivers:
• Geopolitical Risks & Inflation Concerns continue to drive safe-haven demand.
• Dovish Fed Expectations: Market anticipating potential rate cuts later this year, weakening USD and supporting gold prices.

Given the strong bullish macro trend and short-term pullback nearing oversold levels on lower timeframes, a long position offers the highest probability setup.
• Entry: 2928.00 (slight pullback to minor support & oversold RSI on M3)
• Stop Loss (SL): 2918.00 (below recent lows & strong support zone)
• Take Profit (TP): 2948.00 (breakout above resistance and continuation of bullish trend)

This offers a 2:1 RRR. XAUUSD