Gold Bounce Play? Looking for a counter-trend move on XAU/USD

XAU/USDLongIntraday2w ago23 views

Trade Setup

Entry Price

2888.00

Stop Loss

2820.00

Take Profit

2990.00

Risk : Reward

1 : 1.50

RiskReward

Hey KoraFX crew, hope you're all having a solid week! Gold (XAU/USD) has been on a bit of a slide lately, currently sitting around 2901.16 after a drop of about -0.65% in the last 24 hours. The overall trend's been bearish, which we can't ignore, but I'm eyeing up a potential intraday long here.

Intraday Structure & Support Hunt


We've seen Gold drop from its daily high of 2929.42, and it's been testing some crucial levels. I'm looking for a bounce off the lower support zones. We've got the day's low

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