Gold's Shine: Waiting for the Dip Before the Pop!

Technical Setup & Entry Strategy

Hey everyone, Yechan here! Hope you're all having a good trading week. I've been eyeing XAU/USD for a bit, and wow, it's looking pretty bullish right now with that nice 0.64% jump. Currently hovering around 2938.75, which is quite a move.
My plan for an intraday long is to wait for a slight pullback. I'm looking to enter around 2925. This level sits nicely above the 2910.63 daily low and the strong 2900 support zone. If we get a retest there, it could be a solid bounce opportunity within this strong bullish trend. For risk management, I'm setting my Stop Loss fairly conservatively at 2858, giving it enough room below the 2850 support level in case of a deeper correction.

Targeting Higher & Market Mood

If this setup plays out, my Take Profit target is set at