Here we are mapping chart of XAUUSD ( GOLD ) in 1-Hour TF
Trend Structure: The chart displays a series of higher highs and higher lows, indicating an uptrend. Price swings and suggest a bullish pattern.
Conclusion:
The setup looks bullish, with a breakout and retest pattern signaling a possible upward move. However, confirming momentum and watching for reactions near resistance levels is crucial for a clearer trade signal. Let me know in the comments section for more highlights!
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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.