XAUUSD: Gold Remains in Consolidation — Hunting for Intraday Set
XAU/USD Spot - Gold FX:XAUUSD
Gold closed Friday around $4,050 and continues to trade inside a consolidation range, forming a triangle compression structure.
In my previous analysis, I shared a long setup around the $4,016–3,990 area. This setup delivered strong profits during the FOMC event. Congratulations to everyone who followed the plan!
Market Structure & Trading Plan
On the lower timeframes, gold first swept the buy-side liquidity, followed by a sweep of the sell-side liquidity.
I will be trading both long and short intraday setups, following the order blocks created after these liquidity sweeps.
🟢Intraday Long Setup:
$4,016–4,002
🔴Intraday Short Setup:
$4,087–4,077
Before entering, wait for price action confirmation within the range.
On the medium timeframe, we are still trading within the boundaries of this consolidation structure.
🟡The key levels:
Supply Zone: $4,120–4,100
Previous Weekly High: $4,120
Current Price: $4,050
Demand Zone: $4,012–4,000
Previous Weekly Low: $3,995
H4 Bullish OB (Swing Long Area): $3,990–3,960
Bitget CFD has officially launched the Private Elite Portfolio feature, and Bitget CFD now supports TradingView charts.
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GDJ_Jinn