XAU/USD: Fading the Gold Bears for an Intraday Reversal – Confluence Strong
XAU/USDLongIntraday4h ago0 views
Trade Setup
Entry Price
2885.00
Stop Loss
2829.00
Take Profit
2997.00
Risk : Reward
1 : 2.00
RiskReward
Technical Setup & Confluence
The market is currently showing Gold (XAU/USD) at 2896.64, down 0.8% in the last 24 hours, with the trend clearly bearish. However, I'm eyeing a long setup for an intraday bounce. The daily range has been 2861.61 to 2931.68, and we've seen a significant push down. My entry for this long position is at 2885. This level sits strategically above the immediate strong support at 2861
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