This chart shows the price action of Gold (CFDs on Gold, US$/OZ) on the 1-hour timeframe. It highlights a recent bullish channel marked by two parallel pink trend lines, showing a clear uptrend since April 6.
Currently, the price is around 3,211.450, with two possible scenarios indicated:
1. Bullish scenario: If the price maintains above the current consolidation, the target is around 3,250.
2. Bearish scenario: If it breaks below the marked consolidation zone, the suggested stop-loss is at 3,153.
The chart uses shaded areas to visualize the trend and possible price reactions, with clear horizontal support and resistance levels noted.
Are you planning to trade this setup, or would you like help analyzing the risk/reward or possible entry strategies?
Currently, the price is around 3,211.450, with two possible scenarios indicated:
1. Bullish scenario: If the price maintains above the current consolidation, the target is around 3,250.
2. Bearish scenario: If it breaks below the marked consolidation zone, the suggested stop-loss is at 3,153.
The chart uses shaded areas to visualize the trend and possible price reactions, with clear horizontal support and resistance levels noted.
Are you planning to trade this setup, or would you like help analyzing the risk/reward or possible entry strategies?
Trade closed: target reached
GOLD Target successfully reached. 490 PIPS HIT. 
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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.
XAUUSD GOLD + BTCUSD Daily 6-7 Free Signals📊🚀
💫Best Trading Team
✅GOLD
✅BTC
✅EURUSD
✅USDJPY
TELEGRAM CHANNEL 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
t.me/Gold_Derive_Killer01
💫Best Trading Team
✅GOLD
✅BTC
✅EURUSD
✅USDJPY
TELEGRAM CHANNEL 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
t.me/Gold_Derive_Killer01
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.