XAUUSD 4H (anticipating) Breakout Trade: Buy‐Stop
Why This Zone?
If gold breaks and closes above ~2,770–2,775, it suggests bullish continuation toward 2,780–2,800 or more.
Possible Setup
Type: Buy Stop at ~2,775 (anticipating a breakout)
Stop‐Loss: ~2,750–2,760
The idea is to keep stops relatively tight if the breakout fails.
Take‐Profit Targets:
~2,790–2,800 (a 15–25 point run above your entry).
If momentum is strong, a secondary target near 2,830 (the 2.618 Fib extension) is possible.
Summary “Big Picture” Outlook
Daily Trend: Bullish, with price above the 50 and 200 EMAs. MACD is still positive.
Key Near‐Term Resistance: 2,763–2,770; a breakout could extend toward 2,800 and potentially 2,830.
Key Pullback Supports:
2,730–2,740 (4H FVG & VAH)
2,710 (PoC)
2,680–2,690 (4H 200 EMA / deeper volume node).
Volume Profile: Confirms strong participation around 2,700–2,730, suggesting a robust support band in that area.
Momentum Indicators: Short‐term MACD (1H, 4H) is cooling but not definitively bearish. The daily timeframe remains positive, so short‐term dips may be bought until proven otherwise.
Important: this is not personalized financial advice. It’s an illustration of how one might combine risk management principles with the support/resistance zones in play.
Final Note & Disclaimer
All market scenarios carry probabilities, not certainties. Technical signals are best combined with macro fundamentals (e.g., interest rates, USD behavior, geopolitical risks) to form a well‐rounded market view. This consolidated analysis serves an educational purpose—always do additional research or consult a licensed professional before making trading or investment decisions.
If gold breaks and closes above ~2,770–2,775, it suggests bullish continuation toward 2,780–2,800 or more.
Possible Setup
Type: Buy Stop at ~2,775 (anticipating a breakout)
Stop‐Loss: ~2,750–2,760
The idea is to keep stops relatively tight if the breakout fails.
Take‐Profit Targets:
~2,790–2,800 (a 15–25 point run above your entry).
If momentum is strong, a secondary target near 2,830 (the 2.618 Fib extension) is possible.
Summary “Big Picture” Outlook
Daily Trend: Bullish, with price above the 50 and 200 EMAs. MACD is still positive.
Key Near‐Term Resistance: 2,763–2,770; a breakout could extend toward 2,800 and potentially 2,830.
Key Pullback Supports:
2,730–2,740 (4H FVG & VAH)
2,710 (PoC)
2,680–2,690 (4H 200 EMA / deeper volume node).
Volume Profile: Confirms strong participation around 2,700–2,730, suggesting a robust support band in that area.
Momentum Indicators: Short‐term MACD (1H, 4H) is cooling but not definitively bearish. The daily timeframe remains positive, so short‐term dips may be bought until proven otherwise.
Important: this is not personalized financial advice. It’s an illustration of how one might combine risk management principles with the support/resistance zones in play.
Final Note & Disclaimer
All market scenarios carry probabilities, not certainties. Technical signals are best combined with macro fundamentals (e.g., interest rates, USD behavior, geopolitical risks) to form a well‐rounded market view. This consolidated analysis serves an educational purpose—always do additional research or consult a licensed professional before making trading or investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.