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 โ 2709
2nd Support โ 2729
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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 โ 2709
2nd Support โ 2729
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๐ 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 ๐๐ข๐ ๐ก ๐๐ฆ๐ฉ๐๐๐ญ ๐๐๐ฐ๐ฌ : ๐๐๐ - ๐๐๐ญ๐๐ข๐ฅ ๐๐๐ฅ๐๐ฌ โ ๏ธโ ๏ธ
Trade closed: target reached
with Good Profit
Note
Fundamental Updates : ๐ฅ1๏ธโฃ. Gold hits its highest level since Dec. 12 because U.S. inflation was lower than expected.
2๏ธโฃ. 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.
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Related publications
Disclaimer
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