CFDs on Gold (US$ / OZ)
Long
Updated

GOLD 3H Chart Pattern, I have marked a cup formation

529
GOLD 3H Chart Pattern, I have marked a cup formation, which often indicates a bullish reversal setup. Based on the chart:

Key Levels:

Current Price Zone: Around 3,323 - 3,330

First Target: Near 3,380 - 3,400

Final Target: Near 3,440 - 3,460


Analysis:

Price is forming a cup pattern with resistance around 3,380 - 3,400

Break above 3,400 could lead towards the final target zone of 3,440 - 3,460

Watch for price reaction near Ichimoku Cloud; clean breakout above the cloud confirms bullish momentum


Suggested Targets:

✅ First Target: 3,380 - 3,400 USD
✅ Second Target: 3,440 - 3,460 USD

Note: Wait for confirmation above 3,330 - 3,340 and bullish momentum to continue.

If you want, I can also give stop-loss and entry suggestions based on this chart. Let me know!
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