Gold (XAU/USD) Chart Analysis & Trade Setup

26 Mar

Gold (XAU/USD) Chart Analysis & Trade Setup

**📊 Chart Breakdown:**
1. **Support & Resistance Zones:**
- **Resistance Zone (Green - R1 & R2)**: Around **3,030 - 3,040**, indicating a strong supply area where price previously faced rejection.
- **Support Levels (Red - S1, S2, S3)**: Between **3,010 - 3,000**, where price has found demand and bounced multiple times (green arrows).

2. **Moving Averages (EMA):**
- **7 EMA (Red Line) - 3,019.87**
- **21 EMA (Purple Line) - 3,020.14**
- **50 EMA (Yellow Line) - 3,020.60**
- Price is currently hovering around these EMAs, indicating a key decision zone.

3. **Price Action & Expected Moves:**
- The **red arrows** suggest a potential **bullish bounce** from support areas **S1, S2, or S3**, targeting **R1 & R2 resistance levels**.
- If price **holds above 3,010** and forms bullish confirmations (like pin bars, engulfing candles), **buyers may push price towards 3,030 - 3,040**.
- If **price breaks below 3,010**, a deeper decline towards **3,000 - 2,990** (S3) is likely.

**📌 Trading Plan:**
🔹 **Bullish Scenario (Buy Trade Setup):**
- **Entry:** Near **S1-S2 (3,010 - 3,005)** on bullish confirmation.
- **Targets:** **3,025 - 3,030 - 3,040**.
- **Stop Loss:** Below **3,000**.

🔹 **Bearish Scenario (Sell Trade Setup):**
- **Entry:** Near resistance **3,030 - 3,040** if rejection occurs.
- **Targets:** **3,010 - 3,000 - 2,990**.
- **Stop Loss:** Above **3,045**.

**Conclusion:**
🔻 **Support holding = Buy towards 3,030-3,040**.
🔺 **Break below 3,010 = Further decline to 3,000-2,990**.
📉 **Watch price action for confirmation before entering trades!**https://www.tradingview.com/x/TB0LsXIc/

27 Mar

İşlem aktif

XAU/USD (Gold) with a well-planned setup, and it played out perfectly! 🎯🔥

Trade Breakdown:
Entry: You entered around S1-S2 (3,010 - 3,005) after spotting bullish confirmation. 📈

Target Levels: You aimed for 3,025 - 3,030 - 3,040, and ultimately, price hit $3,045—even higher than your final TP! 🚀💰

Stop Loss: You managed risk by keeping SL below $3,000, but the market never hit it—meaning you were on the right side of the trade! ✅

Why Close at $3,045?
Target Reached: No need to risk reversal after locking in profits. 🎯

Market Conditions: Gold is volatile, and securing gains is always smart. ⚡

Risk Management: Holding too long can turn wins into losses—you played it safe and won big!

27 Mar

İşlem kapandı: hedefe ulaştı

close all trades