XAU/USD: Sideways Consolidation Nearing Bullish Resolution – My Next Swing Long

XAU/USDLongSwing4h ago4 views

Trade Setup

Entry Price

2915.00

Stop Loss

2907.00

Take Profit

2930.00

Risk : Reward

1 : 1.88

RiskReward

Good morning, KoraFX community. Let's talk Gold. I'm seeing a compelling setup on XAU/USD that aligns perfectly with my long-term bullish outlook, despite the current market trend being definitively sideways. The past 24 hours have seen a slight retreat of -0.11%, bringing the price to 2916.8, oscillating within a tight day range of 2912 to 2921.6. This consolidation, however, is precisely what's grabbing my attention.

Technical Read: A Resilient Base for a Market Structure Shift


Looking at the charts, the immediate support at 291

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