XAU/USD (Gold) 5-Minute Analysis – Session Ranges & Key Levels

📊 Overview: Analyzing Gold (XAU/USD) on a 5-minute timeframe using session ranges and weekly opening levels for precision scalping and day trading setups. This idea incorporates key support and resistance zones, liquidity areas, and session behaviors.

Key Levels and Insights:
Weekly Open Levels:

2 Dec Weekly Open: 2,652.000
16 Dec Weekly Open: 2,648.534
18 Dec Weekly Open: 2,648.856
These levels are serving as key pivot points for intraday price action.
Session Ranges:

Asian Session (7 Jan):
High (HG): Marked and respected
Low (LW): Provides a clear support level
London Session (LND Range):
Defined with vertical blue lines.
Key lows and highs from this session guide intraday direction.
Highlighted Zones:

Liquidity Areas:
Buy-side liquidity near 2,665.552, a potential target zone.
Price movement suggests liquidity grabs before reversing.
Demand Zones:
Shaded support levels near weekly open lines.
Trade Setup:
📈 Long Position Idea:

Entry: Near 2,648.856 (18 Dec Weekly Open)
Stop Loss: Below 2,647.945
Take Profit: Targeting liquidity above 2,665.552
This setup is based on:

Breakout of session highs (London and Asian session).
Strong bullish momentum observed post-London session.
Conclusion:
The chart highlights the importance of combining session ranges with historical weekly levels for precision trading. The current price action suggests bullish continuation if price sustains above weekly opens and session lows.