The gold market (XAUUSD) is forming an accumulation zone just below the key resistance at 3,040.
A breakout is anticipated in alignment with the prevailing bullish momentum.
Entry plan:
— Buy Stop order set at 3,040
— Stop Loss at 3,027 (below the consolidation range)
— TP1 — 3,055 (first structural target)
— TP2 — 3,070 (channel extension)
The trade will only be activated on breakout confirmation.
Partial profit to be taken at TP1; remaining position to be secured at breakeven.
A breakout is anticipated in alignment with the prevailing bullish momentum.
Entry plan:
— Buy Stop order set at 3,040
— Stop Loss at 3,027 (below the consolidation range)
— TP1 — 3,055 (first structural target)
— TP2 — 3,070 (channel extension)
The trade will only be activated on breakout confirmation.
Partial profit to be taken at TP1; remaining position to be secured at breakeven.
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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.
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.