If the price breaks above the trendline and consolidates above it, it could signal a potential buying opportunity. The consolidation above the trendline would indicate that the bearish momentum has weakened, and a bullish trend might be starting. Additionally, watch for the price to move back into the green Ichimoku Cloud to confirm the buy signal. Always consider other factors like volume and market conditions before entering a trade.
Trade active
Note
the price breaks above the trendlineNote
Price target for GOLD on H1 (Long) is set and achievable at 3345 USDTrade closed: target reached
Mission Accomplished TARGET = 3345
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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.