Great 👍 Based on your XAUUSD H4 chart, here’s a clear trade plan:
📈 Buy Setup (Breakout Trade)
- Entry: Above 3348 (when H4 candle closes above this level).
- Stop Loss (SL): 3333
- Take Profit (TP1): 3360
- Take Profit (TP2): 3368
👉 Reason: Strong bullish candle with momentum; if resistance at 3347 breaks, buyers will dominate.
📉 Sell Setup (Rejection Trade)
- Entry: If price rejects 3347 – 3350 zone with bearish candle.
- Stop Loss (SL): 3355
- Take Profit (TP1): 3330
- Take Profit (TP2): 3315
👉 Reason: 3347 is strong resistance. If market fails here, sellers may push price back down.
⚠️ Note: Since RSI is neutral (53), both sides are possible. Wait for candle confirmation before entry.
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