GOLD (XAUUSD) – Buy Stop Setup | Triple Bottom + Bullish Diverge

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GOLD (XAUUSD) – Buy Stop Setup | Triple Bottom + Bullish DivergeGoldOANDA:XAUUSDAlphaEdge_TradingGOLD (XAUUSD) – Buy Stop Setup | Triple Bottom + Bullish Divergence Gold has shown a strong reaction from the 4670–4660 support zone, where price formed a clear triple bottom structure. This pattern is further supported by bullish divergence, indicating weakening bearish momentum and a potential reversal to the upside. Given this confluence, we are anticipating a breakout continuation move. Trade Setup: Entry (Buy Stop): 4750 Stop Loss: 4661 Take Profit 1 (TP1): 4832 – Resistance (R1) Take Profit 2 (TP2): 4872 – Next Resistance (R2) Analysis: • Strong support held at 4670–4660 region • Triple bottom formation suggests accumulation • Bullish divergence confirms potential upside momentum • Buy stop placed above structure to catch breakout strength Plan: We wait for price to break above 4750 to confirm bullish continuation. This avoids early entry and aligns with momentum-based trading. Risk Management: Maintain disciplined risk with SL at 4661 below support. Partial profits can be secured at TP1 while letting remaining position run toward TP2. Patience is key — let the market trigger the trade.