Gold is forming a bullish intraday setup with price attempting a rebound from Ichimoku cloud support on the 30-min timeframe. A strong reaction near the lower boundary suggests buyers are stepping in.
🔹 Technical Highlights:
✅ Price bouncing from support
🎯 Defined Risk-to-Reward with SL at $3,216 and TP at $3,272
🔄 Bullish structure forming higher lows intraday
🔹 Fundamental Backdrop:
🏦 Weaker Dollar outlook and lower yields boosting gold
📉 Risk sentiment & geopolitical uncertainty add demand for safe havens
📌 Plan: Long above $3,234, SL at $3,215, TP around $3,270 — solid R:R setup for scalpers/day traders.
🔹 Technical Highlights:
✅ Price bouncing from support
🎯 Defined Risk-to-Reward with SL at $3,216 and TP at $3,272
🔄 Bullish structure forming higher lows intraday
🔹 Fundamental Backdrop:
🏦 Weaker Dollar outlook and lower yields boosting gold
📉 Risk sentiment & geopolitical uncertainty add demand for safe havens
📌 Plan: Long above $3,234, SL at $3,215, TP around $3,270 — solid R:R setup for scalpers/day traders.
Trade active
Buy Trade Active From 3235 Target 3260 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.