🚀 $XAU /USDT Macro Support Bounce Setup🔥
XAU is showing signs of a potential bullish reversal on the 4H chart after completing a prolonged correction within a falling channel. Price has formed a double-bottom pattern near the major support zone around 4,000 and is attempting to build momentum for a move toward the descending trendline resistance.
Entry Zone: 4,020 - 4,100
This range offers a potential accumulation area while price holds above the major support zone.
Stop Loss: 3,920
Placed below the key support region and recent swing lows to protect against a deeper breakdown.
🎯 Targets
TP1: 4,250 – Descending trendline resistance
TP2: 4,450 – Intermediate structural resistance
TP3: 4,600 – Major horizontal resistance
This is a higher-timeframe reversal setup, making confirmation important. A sustained move above the descending trendline would strengthen the bullish outlook. Maintain disciplined risk management and appropriate position sizing throughout the trade.
#XAU
XAU is showing signs of a potential bullish reversal on the 4H chart after completing a prolonged correction within a falling channel. Price has formed a double-bottom pattern near the major support zone around 4,000 and is attempting to build momentum for a move toward the descending trendline resistance.
Entry Zone: 4,020 - 4,100
This range offers a potential accumulation area while price holds above the major support zone.
Stop Loss: 3,920
Placed below the key support region and recent swing lows to protect against a deeper breakdown.
🎯 Targets
TP1: 4,250 – Descending trendline resistance
TP2: 4,450 – Intermediate structural resistance
TP3: 4,600 – Major horizontal resistance
This is a higher-timeframe reversal setup, making confirmation important. A sustained move above the descending trendline would strengthen the bullish outlook. Maintain disciplined risk management and appropriate position sizing throughout the trade.
#XAU