Trade Idea : XAUUSD LONG ( BUY LIMIT )

Technical Analysis
1. Daily Chart:
• Strong uptrend with higher highs and higher lows.
• RSI at 71.71 (approaching overbought, but still room to run).
• MACD is strongly bullish, indicating momentum in favor of buying.
2. 15-Minute Chart:
• Pullbacks are getting bought aggressively.
• Price is making higher lows and breaking minor resistances.
• MACD remains bullish but shows slight overextension.
3. 3-Minute Chart:
• Strong bullish impulse with a recent breakout.
• RSI is above 70, confirming buying pressure.
• Momentum remains strong with no clear reversal signals.

Fundamental Analysis
• Gold is rallying amid macroeconomic uncertainty.
• US Dollar weakness could be contributing to the rise in gold prices.
• Interest rate expectations and inflation concerns support further upside for gold.

Trade Execution

Trade: Long XAU/USD
• Entry: 2935.00 (slight pullback to support for better RRR).
• Stop-Loss (SL): 2925.00 (below nearest support).
• Take-Profit (TP): 2955.00 (2:1 RRR). XAUUSD