XAUUSD Long Gold vs US Dollar XAUUSD TRADE IDEA
XAUUSD (Gold) – H1 Bias: Bullish Price has broken above the descending trendline and is now trading inside a rising channel, indicating bullish momentum. The 4,063 zone is acting as immediate support after the breakout. A sustained break above 4,084 is likely to trigger the next bullish leg. Buy Setup Entry: 4,063–4,070 (pullback) or breakout above 4,084 Take Profit 1: 4,084 Take Profit 2: 4,134 Take Profit 3: 4,166 Stop Loss: Below 4,040 Outlook: As long as price holds above 4,063 , the bullish structure remains intact, with buyers targeting 4,134 and potentially 4,166 . A break below 4,040 would invalidate the bullish setup.
0