STEVEN XAUUSD – Buy Scenario Following the Trend

Wait 5 sec.

STEVEN XAUUSD – Buy Scenario Following the TrendGoldOANDA:XAUUSDSteven-GoldTradingTechnical Analysis Gold continues to maintain a strong upward trend after breaking out of the previous accumulation zone. Currently, the price has tested the 3,742–3,744 area and is showing signs of pausing for a short-term correction. The EMA200 H1 (3,662) is still sloping upwards, confirming that the main upward trend remains intact. Fibonacci Retracement for the most recent rise: The 0.786 level (3,738) coincides with the Volume Profile area – this is the first support for a short-term buy scenario. The 0.618 level (3,707) aligns with the old resistance now turned support – a strong confluence, suitable for finding the main Buy point. The RSI (14) is around 63–65, not yet in the overbought zone, indicating there is still room for growth. Trading Scenario Prioritize Buy following the trend Entry 1: 3,738–3,740 SL: 3,730 TP: 3,750 – 3,760 Entry 2: 3,707–3,710 SL: 3,695 TP: 3,738 – 3,760 – 3,780 Price Levels to Watch 3,742–3,744: short-term resistance, may cause adjustments. 3,738–3,740: nearby support, suitable for quick Buy. 3,707–3,710: strong support, important Buy zone. 3,780–3,785: extended resistance, target of the upward trend. This is a reference scenario, not an investment recommendation. Stay tuned for earlier analyses and scenarios in upcoming sessions.