I’m watching $XAU at $5,561.29, up +6.15%, showing strong bullish momentum on the 1H chart. Price has impulsively broken out from consolidation and is holding near the highs, which tells me buyers are in full control.

Trade Setup:

Entry Zone: $5,500 – $5,565

Targets:

TP1: $5,625

TP2: $5,700

TP3: $5,850

Stop-Loss: $5,280

Support: $5,500 | $5,360

Resistance: $5,625 | $5,700

Why this works:

Price is trending strongly with momentum sustained near the highs, showing clear bullish continuation. Buying within the entry zone gives a favorable risk-to-reward, while stops are below the support to protect against sudden reversals.

I’m entering this trade with confidence that the bullish move can carry through to the next resistance levels.

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