XAUUSD (Gold)* with a *breakout* and potential targets outlined.
- The *current price* is around *2914.580*, and the chart highlights a *weak high* near *2960.000*, indicating possible resistance at that level.
- The *support level* is located at *2881.976*, and a *breakout area* is marked near the bottom, signifying key points for potential market reversal or continuation.
- A *BOS (Break of Structure)* is identified, confirming the shift in market dynamics, with a *CHOCH (Change of Character)* suggesting further potential for upward movement if prices break above certain levels.
Traders should monitor the *support and resistance zones* carefully, as breaking above the *weak high* could signal an opportunity for price continuation towards *target levels*, while failure to hold above the *support zone* could indicate a downward move.
- The *current price* is around *2914.580*, and the chart highlights a *weak high* near *2960.000*, indicating possible resistance at that level.
- The *support level* is located at *2881.976*, and a *breakout area* is marked near the bottom, signifying key points for potential market reversal or continuation.
- A *BOS (Break of Structure)* is identified, confirming the shift in market dynamics, with a *CHOCH (Change of Character)* suggesting further potential for upward movement if prices break above certain levels.
Traders should monitor the *support and resistance zones* carefully, as breaking above the *weak high* could signal an opportunity for price continuation towards *target levels*, while failure to hold above the *support zone* could indicate a downward move.
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VIP SIGNALS SERVICE 👇👇⬇️
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Recommend best broker exness Partner link 👇
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t.me/addlist/j3ts8pztHtY3NWQ0
VIP SIGNALS SERVICE 👇👇⬇️
t.me/addlist/j3ts8pztHtY3NWQ0
Recommend best broker exness Partner link 👇
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Related publications
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.