XAUUSD Next move
📌 Chart Overview
Timeframe: 1 Hour
Current Price: ~ 3275-3280
Bias: Conditional (based on breakout confirmation).
As previously analyzed, Gold has reached 3270 area. This zone will determine the next market direction- bullish or bearish. Check out our trade plan for potential opportunities!
✅ Buy Trade Setup (Bullish Scenario)
:Trigger: Price breaks and closes above 3290
Plan:
: Enter long after confirmation (e.g. bullish candle close above 3290)
: TP1: 3340
: Final TP: 3400
Reasoning:
> Breakout above a key intraday resistance
> Pattern suggests potential bullish momentum continuation.
❌ Sell Trade Setup (Bearish Scenario)
Trigger: Break and close below 3260
Plan:
:Enter short after confirmation of breakdown
: TP1: 3230–3225 zone
: Final TP: 3205
Reasoning:
>If price fails to hold above 3260, likely to revisit previous demand zones
>Clean drop potential visible on the left side of the chart
Key Decision Area:
>3260–3290 zone is crucial:
>Acts as a no-trade zone unless broken
>Avoid getting trapped in consolidation or fakeouts here
source https://www.tradingview.com/chart/GOLD/zaHu22P0-XAUUSD-Next-move/
source https://www.cryptomadden.com/2025/05/xauusd-next-move.html
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