(Gold Spot / U.S. Dollar) 45-minute chart,

XAUUSD (Gold Spot / U.S. Dollar) 45-minute chart, showing a technical analysis setup for a potential trade.



Analysis Overview:

1. Key Support & Resistance Levels:

• Resistance Zone: ~ 2,928 - 2,940

• Support Zone (Entry Zone): ~ 2,889 - 2,895

• Stop Loss Level: ~ 2,882

2. Trade Idea:

• Price has declined and is expected to reverse from the Entry Zone.

• A projected bullish move is illustrated, with a potential rise to 2,921.

• After some consolidation, the price may break out towards 2,928 - 2,940.

3. Pattern Formation:

• Possible Double Bottom Formation within the Entry Zone.

• A Head and Shoulders-like structure, indicating a potential trend reversal.



Conclusion:



If the price takes support in the entry zone and moves upward, this could be a good buying opportunity with a stop loss below 2,882 and a target near 2,928-2,940.