XAUUSD 30-M LONG POSITION CHART SETUP

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XAUUSD 30-M LONG POSITION CHART SETUPGoldOANDA:XAUUSDforexacademy6 XAUUSD 30-M Price has formed a strong bullish impulse, breaking above previous consolidation. The blue channel shows a steep ascending trend, indicating strong buyers in control. After the rally, price is now consolidating near the highs, which often acts as a continuation pattern. 🟨 Key Zones Yellow zone (around 4410–4415) → Previous resistance turned support. Price is reacting here, making it a good potential buy area. Purple zone below (~4370–4380) → Higher timeframe demand/support zone. 🎯 Trade Idea Shown on Chart The setup is a classic bullish pullback / continuation: Entry: ~4409 Stop Loss: ~4395 (below recent structure & channel support) Target: ~4435–4440 Strong bullish momentum & higher highs. Pullback to broken resistance (now support). Price respecting ascending channel. Consolidation suggests buyers absorbing sells before next push. wait and let's see what will next scenario position