Gold

Gold (XAU/USD) - 8H Time Frame Analysis - High Probability setup

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🔍 Bias: Strong Bullish Reversal from Demand (Wave 5 expected)

📌 Key Confluences:

Wave (4) retracement tapped into major demand zone and sell-side liquidity pocket.

Held support above the 200 EMA and dynamic cloud zone.

Volume spike near support shows accumulation by strong hands.

Wave (3) had strong momentum – wave (5) could extend to 4,000+ levels.

🎯 Trade Idea:

Buy Gold (XAU/USD) at 3,180 – 3,220

Stop Loss: Below 3,100 (invalidation of structure + trendline)

Take Profit: 3,950 – 4,050 (based on wave (5) projection)

⚠️ Risk Note: Wait for a bullish engulfing candle or volume confirmation above 3,250 if conservative.

This setup is a textbook bullish continuation off a major correction, supported by clean structure, liquidity sweep, and wave alignment — making it a prime high-probability buy for the next leg up.

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