Quick setup on XAUUSD current scenario

5 May

> The chart shows a consolidation area near 3310–3330, which is a key resistance zone.

> Price recently made a sharp bullish move into that resistance, now testing the zone.

> Several historical rejections (red arrows) align with this level, reinforcing it as a decision point.

:Bullish Scenario (Buy Plan):

Entry Trigger:
If 3329–3330 is broken with confirmation (i.e., retest or strong close above).

Targets:
TP1: 3350

TP2: 3400

Note:
Confirmation might be a retest of 3322, labeled as "buy trap price", which could serve as new support.

Bearish Scenario (Sell Plan):
✅ Entry Trigger:
Wait for a clean break below 3310, which has held as a support.

🎯 Targets:
TP1: 3272–3270

TP2: 3230

Final Target: 3200

🔹 Bearish Flow:
The projected price path is a stair-step decline, suggesting pullbacks before continuation downward.


Summary & Trade Logic:



Bias Condition Entry Level Take Profits
Bullish Break & hold above 3330 Above 3330 (ideally 3329–3330) 3350, 3400
Bearish Break below 3310 Below 3310 3272–70, 3230, 3200

6 May

İşlem kapandı: hedefe ulaştı

Congrats who followed our setup after breaking 3330 area market hit our first tp which was 3350 and now approached to our final Target area 3400✅ this setup gives us almost 700 pips.
Stay tuned for more analysis