π¬π§ Market Context
Gold (XAUUSD) continues to trade within a broader bullish structure on the 4-hour timeframe. After a strong impulse move upward, the market entered a corrective phase, creating an opportunity for a potential long position after a pullback toward key support.
The area around $4000 represents a psychologically important level, coinciding with a prior breakout zone and dynamic support confirmed by the SMA(12).
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π¬π§ Technical Setup
The price formed a shallow correction following an impulsive move. The conservative long setup targets an entry on a pullback near $4000, with a stop loss below $3970 (under the previous swing low) and a take profit near $4045, offering a risk-reward ratio close to 1:2.
This type of setup aims to capture continuation within the prevailing trend, assuming buyers defend the support level.
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π¬π§ RSI & SMA Confirmation
The RSI(14) indicator shows neutral momentum, hovering around mid-range values. This supports the idea of a healthy correction within an uptrend rather than an overbought market.
The SMA(12) acts as a dynamic support zone, aligning with the planned entry level.
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π¬π§ Educational Takeaways
Always wait for confirmation (e.g., bullish candle close or RSI rebound).
Maintain a disciplined approach with predefined entry, SL, and TP.
Respect market structure — trading with the trend offers higher-probability setups.
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> ⚠️ This is an educational analysis, not financial advice. Always conduct your own research before making trading decisions
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