XAUUSD M30 TRADE ANALYSIS IDEA

XAUUSD (Gold) – M30 Trade Analysis

Market Bias: Short-term Buy (Counter-Trend Bounce)

The chart shows a strong bearish impulse into the 4091–4100 support zone, followed by a sharp rejection candle, indicating buyers are defending this area.

Buy Setup

• Entry: 4108–4115 (after bullish confirmation)
• Stop Loss: Below 4090
• Take Profit 1: 4123
• Take Profit 2: 4154
• Extended Target: 4162 if bullish momentum continues

Short Setup

If price fails to hold above 4114–4123 and forms a bearish rejection:

• Sell Entry: 4120–4125
• Stop Loss: Above 4138
• Take Profit 1: 4100
• Take Profit 2: 4091
• Extended Target: 4080 if support breaks

Key Levels

• Support: 4091, 4100
• Resistance: 4123, 4162, 4175

Conclusion: The immediate bearish move appears exhausted after the rejection from support. A buy toward 4123–4154 has a higher probability while 4091 remains intact. If 4091 breaks decisively, the bullish setup is invalidated and sellers regain control.