Gold's Bullish Run: Eyeing the Next Big Move Past 3K
XAU/USDLongSwing1w ago6 views
Trade Setup
Entry Price
2932.00
Stop Loss
2878.00
Take Profit
3041.00
Risk : Reward
1 : 2.02
RiskReward
What's up KoraFX fam? Seojun here with a fresh look at XAU/USD. Gold has been on a tear, and the bullish trend is definitely still intact, currently sitting at 2942.65 with a nice 0.78% gain over the last 24 hours. The charts are showing some real strength, and I'm looking to ride this wave.
Technical Setup: Riding the Bullish Momentum
My eyes are on a swing long play here. We've seen gold range from 2908.67 up to 2976.63 today, but the overall picture is clear. I'm looking for an entry around 2932. This feels like a solid spot to get in on a slight pullback within this strong uptrend. We've got pretty robust support around 2908.67 and even stronger at 2900, so setting my stop loss at 2878 gives us enough breathing room below those key levels. Classic setup right here, catching a pullback to continue the trend.
Fundamental Tailwinds & Price Targets
Fundamentally, there's still
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