$XAU/USD BULLISH BREAKOUT SETUP
$XAU/USD is showing strong bullish momentum as it approaches the critical resistance around $4,000. The price recently surged from key support near $3,868, signaling that buyers are in control. Short-term indicators confirm upward momentum, with RSI in bullish territory and MACD showing a positive crossover.
Long Entry: $3,870–$3,880 zone
Take Profit (TP): $3,940, $3,980, $4,000
Stop Loss (SL): $3,840
Technical Analysis:
Support Levels: $3,868, $3,850, $3,820
Resistance Levels: $3,940, $3,980, $4,000
Trend: Strong uptrend on 1H and 4H charts
Indicators: RSI bullish, MACD crossover, EMA 20 above EMA 50
Risk Management: Risk only 2–3% of capital per trade. Move SL to breakeven once first TP is reached to protect profits.
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