Gold Bullish Setup | Demand Zone Rejection & Upside Potential
📈 Bullish Setup:
The price recently touched a demand zone (orange box) and reacted upward.
A large blue arrow indicates an expectation for price to rise towards the target area (gray box).
📊 Technical Indicators:
200 EMA (red line) at 2,894.263: The price is hovering around this level, which could act as dynamic support.
Current Price: 2,897.660: Above the EMA, indicating a possible short-term bullish momentum.
Key Support: 2,889.708 (orange label): If price breaks below, bullish bias might weaken.
🚀 Potential Trade Idea:
Entry Zone: Around 2,895–2,897 (just above demand).
Target: 2,912 (upper resistance).
Stop Loss: Below 2,889.
The price recently touched a demand zone (orange box) and reacted upward.
A large blue arrow indicates an expectation for price to rise towards the target area (gray box).
📊 Technical Indicators:
200 EMA (red line) at 2,894.263: The price is hovering around this level, which could act as dynamic support.
Current Price: 2,897.660: Above the EMA, indicating a possible short-term bullish momentum.
Key Support: 2,889.708 (orange label): If price breaks below, bullish bias might weaken.
🚀 Potential Trade Idea:
Entry Zone: Around 2,895–2,897 (just above demand).
Target: 2,912 (upper resistance).
Stop Loss: Below 2,889.
Trade chiuso: obiettivo raggiunto
🚀 Gold (XAU/USD) Target Hit! 🎯✅
Our bullish setup played out perfectly! After rejecting the demand zone, XAU/USD surged to our target at 2,912, delivering a solid move as expected. 📈🔥
🔹 Entry: 2,895-2,897
🔹 Target: 🎯 2,912 HIT!
🔹 Result: ✅ Clean execution, perfect reaction!
Patience and strategy always win in the markets. Who caught this move? Drop a 🔥 in the comments! 👇🔥
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.