XAUUSD — DAILY SUPPORT TEST | LONG SETUP

Wait 5 sec.

XAUUSD — DAILY SUPPORT TEST | LONG SETUPGoldOANDA:XAUUSDFrankAgboGold is now testing a major Daily support zone around 4,295, after pulling back from the recent highs above 4,600. This is a much cleaner higher-timeframe setup than trying to trade every small intraday move. Trade Setup BUY: 4,295.075 SL: 4,221.032 TP: 4,439.586 Risk/Reward: ≈ 1:1.95 Why this level matters 🔹 Daily support zone: Price is sitting directly on a previously established support area. 🔹 Trendline confluence: The rising trendline from the August advance meets the current price structure. 🔹 Pullback: Gold has retraced significantly from the 4,600–4,700 region and is now reaching an important demand area. 🔹 Resistance above: The 4,439–4,500 region could become the next major upside objective if buyers regain control. Confirmation I'm watching Daily support holds → bullish rejection → buyers reclaim 4,295 → continuation toward 4,440. A strong Daily close below the support zone would weaken the bullish thesis, while a break below 4,221 invalidates this setup. 📌 The Daily chart gives the bigger picture. Lower timeframes can then be used to refine the entry rather than letting short-term noise dictate the entire trade. ⚠️ Technical analysis only, not financial advice. Manage risk and position size appropriately. Will Gold defend this Daily support and start the next leg toward 4,440?