Instrument: XAUUSD (Gold)
Timeframe: M1 (1 Minute)
Setup: Buy Signal (Multiple Confirmations)
Analysis:
The chart shows a series of buy signals (BUY-O) marked between 02:19 and 06:51 UTC. These signals appear clustered around a consolidation zone, suggesting a buildup of buying momentum. The presence of BOS (Break of Structure) and HL (Higher Low) indicates a bullish structure forming on the lower timeframe.
Key patterns observed:
· Multiple buy triggers in quick succession
· Structural break (BOS) confirming bullish shift
· Higher low (HL) formation supporting upside bias
Trade Plan:
· Entry: 5079.075
· Stop Loss: 5070.000 (~9 pips risk)
· Take Profit: 5110.00 (~31 pips target)
· Risk/Reward Ratio: ~1:3.4
Rationale:
The tight stop loss suggests a high-probability entry near a confirmed support or structure break. The TP target aligns with a measured move or previous resistance level. The multiple buy signals in a short period rein
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