Gold's Pushing Higher – My Intraday Long Setup!

Hey KoraFX fam, hope you're all crushing it! Been watching XAU/USD (Gold) closely today and it's looking pretty spicy. The bullish trend is definitely in play, and with the current price hovering around 2940.59, I'm eyeing an intraday long.

Technical Snapshot

The price action has been solid, breaking past some earlier resistance. We're well above the 2909.71 support, and honestly, this feels like a classic setup right here. My entry is set for 2926, which felt like a nice retest area on the shorter timeframe. The day range has been between 2909.71 and 2971.47, and we're seeing strong momentum.

Risk & Reward Check

For risk management, I've got my stop loss set at 2852. That's a conservative move, placing it just below the 2850 support level, giving it some room to breathe but cutting losses if things turn south. On the flip side, I'm targeting 3037 for my take profit, which aligns nicely with the next big psychological resistance at 3050. Plus, with general market uncertainty and inflation jitters still out there, gold tends to get a nice boost fundamentally. What do you all think? Any other levels you're watching on Gold today? Still learning, so always keen to hear other perspectives!