Gold (XAU/USD) is testing a strong support zone after a bearish move. This level has historically acted as a demand zone, making it a high-probability buying opportunity.
Entry: Near the support zone around $2,880-$2,885
Stop Loss: Below the support at $2,862 to manage risk
Take Profit 1: $2,920 – Previous resistance level
Take Profit 2: $2,953-$2,964 – Upper range resistance
📊 RSI is oversold, signaling a potential bounce.
📈 If price holds above support, a bullish reversal could follow.
🚀 A breakout above $2,900 could accelerate the move.
🔔 Risk management is key! If price breaks below support, reassess the trade.
#XAUUSD #Gold #Trading #PriceAction #Support #Forex
Entry: Near the support zone around $2,880-$2,885
Stop Loss: Below the support at $2,862 to manage risk
Take Profit 1: $2,920 – Previous resistance level
Take Profit 2: $2,953-$2,964 – Upper range resistance
📊 RSI is oversold, signaling a potential bounce.
📈 If price holds above support, a bullish reversal could follow.
🚀 A breakout above $2,900 could accelerate the move.
🔔 Risk management is key! If price breaks below support, reassess the trade.
#XAUUSD #Gold #Trading #PriceAction #Support #Forex
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