Gold analysis - Bullish outlook in play!

Hey traders! 👋

Let’s break down what’s happening on Gold (XAU/USD).

On the higher timeframe, Gold remains in a strong bullish trend. Price is currently rising from the May 14th low and appears to be targeting the all-time high around 3500.120.

Zooming in, we can see a minor pullback unfolding, likely a setup for the next leg higher. I’ve marked the minor low (A) and minor high (B) to define our current dealing range. Connecting these with a Fibonacci retracement, price has tapped into the discount zone, showing signs of potential accumulation.

On the lower timeframe, there’s a clear market structure shift, suggesting momentum could soon flip back to the upside.

📌 My plan:

Buy now at 3354

Stop Loss: 3312.11

Take Profit Targets:
 – TP1: 3400.00
 – TP2: 3452.00
 – TP3: 3501.14

⚠️ Note: There's still a possibility of a deeper dip toward 3031, so I’m factoring that into my risk management.

What’s your take on this setup? Drop your thoughts in the comments below. Let’s discuss!