This chart presents a detailed technical analysis of Gold (XAU/USD) on the 30-minute timeframe. A symmetrical triangle pattern is forming, indicating a potential breakout. The price is currently near the support zone, and a bullish move is expected towards key take-profit levels:
TP1: 3025
TP2: 3032
TP3: 3040
Final Target: 3045
A strong resistance zone is marked around the 3050 level, while the support zone provides a solid foundation for potential price rebounds. The recommended stop-loss level is set at 3005 to manage risk effectively.
Traders should watch for a confirmed breakout before entering positions. A breakout above the triangle could lead to a bullish rally, while a breakdown may trigger further declines. Stay updated and trade wisely!
TP1: 3025
TP2: 3032
TP3: 3040
Final Target: 3045
A strong resistance zone is marked around the 3050 level, while the support zone provides a solid foundation for potential price rebounds. The recommended stop-loss level is set at 3005 to manage risk effectively.
Traders should watch for a confirmed breakout before entering positions. A breakout above the triangle could lead to a bullish rally, while a breakdown may trigger further declines. Stay updated and trade wisely!
Trade active
TP1 HIT SUCCESSFULLY WAITING FOR NEXT TP
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.
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.