XAUUSD BUY Setup | Bullish Continuation After Strong Breakout
Gold (XAUUSD) is showing signs of bullish continuation after a strong breakout and impulsive move higher. Price has entered a consolidation phase above key support, where buyers appear to be defending the zone.
The highlighted trade setup looks for a long opportunity if price continues to hold above support and confirms bullish momentum. A successful breakout from the current range could push gold toward the marked resistance/target area.
Trade Plan:
🟢 Entry: Around the highlighted demand zone
🛑 Stop Loss: Below the recent swing low/support
🎯 Take Profit: 4279.80 – 4298.80
📈 Bias: Bullish
Technical Confluence:
Strong bullish impulse
Healthy consolidation after breakout
Higher lows structure
Buyers defending support
Potential continuation toward new highs
⚠️ Disclaimer: This analysis is for educational purposes only and is not financial advice. Always wait for confirmation and use proper risk management before entering any trade.