XAU/USD (Gold vs. US Dollar) on the 4-hour timeframe displays a bullish cup and handle pattern forming, with a breakout above the handle resistance and Ichimoku cloud.
Technical Observations:
Cup and Handle pattern indicates bullish continuation.
Breakout has occurred above trendline and handle.
Price is trading near $3,350 (approx).
Two upside TARGETS are marked on the chart.
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🎯 Projected Targets (Approximate):
Based on your chart:
1. First Target (TP1): Around $3,390 - $3,395
2. Second Target (TP2): Around $3,425 - $3,430
These targets align with the measured move of the cup height projected from the breakout level.
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✅ Confirmation:
Price is above the trendline and trying to hold above the Ichimoku cloud.
Entry would be ideal on a pullback to the breakout zone (~31,335-$3,340) for lower risk.
Stop-loss can be considered below the handle low (~$3,310 or $3,305).
Let me know if you want Fibonacci-based targets or support/resistance levels as well.
Technical Observations:
Cup and Handle pattern indicates bullish continuation.
Breakout has occurred above trendline and handle.
Price is trading near $3,350 (approx).
Two upside TARGETS are marked on the chart.
---
🎯 Projected Targets (Approximate):
Based on your chart:
1. First Target (TP1): Around $3,390 - $3,395
2. Second Target (TP2): Around $3,425 - $3,430
These targets align with the measured move of the cup height projected from the breakout level.
---
✅ Confirmation:
Price is above the trendline and trying to hold above the Ichimoku cloud.
Entry would be ideal on a pullback to the breakout zone (~31,335-$3,340) for lower risk.
Stop-loss can be considered below the handle low (~$3,310 or $3,305).
Let me know if you want Fibonacci-based targets or support/resistance levels as well.
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
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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.
📲 Join telegram channel free ..
t.me/EU_USA_AND_CHAINA_TRADER
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
t.me/Gold_Analysis_Experiment
t.me/EU_USA_AND_CHAINA_TRADER
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
t.me/Gold_Analysis_Experiment
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.