XAU/USD: Bullish Surge to 4400?As the previous analysis worked exactly as predicted, OANDA:XAUUSD is setting up for a bullish surge on the 4-hour chart , where price is bouncing off a solid upward trendline, converging with the EMA 50 as dynamic support and a key support zone, signaling potential continuation of the uptrend amid recent consolidation. This confluence creates a strong buying opportunity if buyers hold the line against short-term pullbacks.
Entry zone between 4090-4165 for a long position. Targets at 4380 (first) and 4400 (second) near the resistance zone, delivering a risk-reward ratio close to 1:3 . Set a stop loss on a close below 4090 to mitigate downside risks. 🌟 Monitor for confirmation via a bullish candle close above the entry with building volume, capitalizing on gold's safe-haven appeal in uncertain markets.
Fundamentally , no major news events are observed in the economic calendar today. However, key Chinese data releases such as the PBoC interest rate decision and Q3 GDP could indirectly influence gold through global risk sentiment and commodity demand. 💡
📝 Trade Plan:
✅ Entry Zone: $4,090 – $4,165 (buy zone near trendline + EMA 50)
❌ Stop Loss: Close below $4,090
🎯 Targets:
TP1: $4,380 (initial resistance)
TP2: $4,400 (major resistance / extended target)
💎 Risk-to-Reward: Approx. 1:3, offering a strong technical edge.
What's your take on this gold setup? Comment below! 👇
