This XAU/USD (Gold Spot) 1-hour chart illustrates a bullish breakout from a strong resistance zone, which has now turned into support. The price action is moving within an ascending channel, with a confirmed breakout above the resistance level around 2,930. The price has continued its strong upward momentum, retesting support levels along the way. Current price action suggests consolidation before a potential move toward the next targets at 2,995 and 3,003. Traders may look for pullbacks to support zones for potential long opportunities within the trend.
NOTE
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
NOTE
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
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Note
HALF TARGET REACHEDTrade closed: target reached
Congratulation our target reached successfully
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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.