XAU/USD: A Swing Long Setup Amidst Persistent Bullish Trend
XAU/USDLongSwing1w ago15 views
Trade Setup
Entry Price
2925.00
Stop Loss
2900.00
Take Profit
2976.00
Risk : Reward
1 : 2.04
RiskReward
Market Overview & Technical Confluence
Good morning from Izmir, KoraFX community! My focus today, as often, is on XAU/USD. We've seen gold maintain its strong bullish trend, currently trading around 2930.53. The price has shown resilience, holding above its immediate support levels, with a 0.36% gain over the last 24 hours. The day range has been between 2914.74 and 2946.32, indicating some consolidation but a clear preference for the upside.
For my swing long setup, I'm looking at the immediate support around 2914.74 and the more significant psychological level at 2900. The fact that XAU/USD has been able to stay above these levels, especially after testing the lower bound of the day range, gives me
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