Trade Idea: XAUUSD LONG (MARKET)

Technical Analysis
1. Trend & Price Action
• On the H1 timeframe, gold is rebounding from a recent downtrend and has formed a higher low, indicating a potential reversal.
• The M15 timeframe confirms this rebound, with price breaking above the short-term resistance.
• The M3 timeframe shows price consolidating near the highs, which suggests accumulation before another move higher.
2. Indicators
• MACD
• H1: Bullish crossover, histogram turning positive.
• M15: Bullish crossover, supporting further upside.
• M3: Neutral but not showing strong divergence.
• RSI
• H1: 62.74, indicating strength but not overbought.
• M15: 54.50, still room for upside.
• M3: 42.20, slight pullback, allowing for better entry.
3. Support & Resistance Levels
• Support: 2878.40 (M15 confirmed level)
• Resistance: 2905.50 (H1 key level)

Fundamental Analysis
• Gold has strong bullish momentum due to a weakening USD. If upcoming economic data or geopolitical uncertainty supports safe-haven demand, XAU/USD will likely push higher.
• Recent rally suggests institutional buying, and if momentum continues, 2905-2910 is a reasonable target.

Entry: 2891.30 (Current price, allowing for a slight pullback)
• Stop Loss (SL): 2882.00 (Below the recent support on M15)
• Take Profit (TP): 2909.00 (Key resistance on H1)

Risk-Reward Ratio (RRR)
• Risk: 9.3 pips
• Reward: 17.7 pips
• RRR: 1:2 XAUUSD