GOLD/USD 1H – Bullish Reversal Setup from Key Support Zone

7 Tem

Gold (XAU/USD) 1H Analysis – July 7, 2025
🧠 Trade Setup Overview:
Current Price: 3,302.61

Entry Point: 3,294.45

Target Point (TP): 3,364.67

Stop Loss (SL): 3,284.40

Risk/Reward Ratio: ≈ 7.0:1 (very favorable)

📊 Technical Insights:
Support Zone:
The entry is located in a strong support demand zone (highlighted in purple), which previously led to sharp upward movements. Price has retested this zone, making it a potential bounce point.

Moving Averages:

50 EMA (Red) and 200 EMA (Blue):

Price is currently below the 50 EMA and near the 200 EMA, which may act as a dynamic resistance. A break above both could confirm bullish strength.

Bullish Structure Possibility:

After forming a higher low, if price rebounds off the support at 3,294.45 and breaks 3,336, it may confirm bullish continuation toward the target.

📈 Trade Plan Summary:
Buy Limit at 3,294.45

Stop Loss at 3,284.40 (≈ -10 pts risk)

Take Profit at 3,364.67 (≈ +70 pts reward)

Very strong reward-to-risk setup (ideal for scalpers or swing traders)

⚠️ Risks:
If price breaks below 3,284, this setup becomes invalid (support failure).

EMA resistance must be overcome for upside momentum.

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