Gold (XAU/USD) Bullish Channel
Updated
The XAU/USD pair on the H1 timeframe presents a potential Buying opportunity due to a recent Formation of a well-defined Channel Pattern. This suggests a shift in momentum towards the upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around close to the Channel. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2709
2nd Support – 2729
🎁 Please hit the like button and
🎁 Leave a comment to support for My Post !
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI_TA_TRADING
Thank you.
Key Points:
Buy Entry: Consider entering a Long position around close to the Channel. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2709
2nd Support – 2729
🎁 Please hit the like button and
🎁 Leave a comment to support for My Post !
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI_TA_TRADING
Thank you.
Trade active
Take Entry nowNote
Upcoming High Impact News :
USD - Core Consumer Price Index
USD - Consumer Price Index
Note
IN Good Profit
Note
Today 𝐇𝐢𝐠𝐡 𝐈𝐦𝐩𝐚𝐜𝐭 𝐍𝐞𝐰𝐬 :
𝐔𝐒𝐃 - 𝐑𝐞𝐭𝐚𝐢𝐥 𝐒𝐚𝐥𝐞𝐬 ⚠️⚠️
Trade closed: target reached
with Good Profit
Note
Fundamental Updates : 🥇
1️⃣. Gold hits its highest level since Dec. 12 because U.S. inflation was lower than expected.
2️⃣. This scenario increased chances of two Federal Reserve Rate cuts this year, with the first likely in June.
Donald Trump's policies, like trade tariffs, might increase inflation, which also supports gold prices.
👉👉 Join My Telegram Channel :
✳️ Forex Signals & Technical Chart : telegram.me/kabhifx
✳️ Crypto Technical Analysis - telegram.me/Kabhi_Crypto
📞📞Telegram me @t.me/kabhidhan
✳️ Forex Signals & Technical Chart : telegram.me/kabhifx
✳️ Crypto Technical Analysis - telegram.me/Kabhi_Crypto
📞📞Telegram me @t.me/kabhidhan
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.