XAU/USD 4H Chart – Bullish Pullback Setup to Key Support ZoneAnalysis Overview:
📈 Trend:
The price is currently moving in an ascending channel, indicating a bullish trend.
Price has recently touched or slightly exceeded the upper boundary of the channel, suggesting a potential pullback.
🟦 Support Zone (Buy Zone):
Marked in blue, between 3,764.828 (Trade Entry) and 3,718.674 (Stop Loss).
This zone aligns with a previous consolidation area, which now acts as a strong support.
✅ Entry Plan:
Wait for price to retrace into the blue support zone.
Ideal entry around 3,764.828, possibly after a bullish signal (e.g., pin bar, bullish engulfing).
❌ Stop Loss:
Placed just below the support zone at 3,718.674, protecting the trade in case the structure fails.
🎯 Target (TP):
3,975.534 — This is labeled as the LABA TARGET POINT, near the upper boundary of the ascending channel.
Risk-reward ratio appears favorable, roughly 4:1 if using the full range between entry and stop loss.
🧠 Trade Idea Summary:
Setup Type: Pullback to Support in Bullish Channel
Bias: Long/Bullish
Entry Zone: 3,764.828 (support)
Stop Loss: 3,718.674 (below structure)
Target: 3,975.534 (channel top)
Conditions to Watch:
Confirm reversal within the buy zone before entering.
Monitor for bearish breakdown if price closes below stop loss zone.
⚠️ Risk Management Tips:
Use proper position sizing based on your account size and stop loss.
Do not enter early; wait for confirmation (e.g., bullish candle pattern) in the support zone.
Keep an eye on macroeconomic news (e.g., NFP, interest rate updates) as gold is very sensitive to these events
