Gold Spot / U.S. DollarUpdated Gold (XAUUSD) Poised for Further Gains:Breakout Within Ascending
hello guys.
Uptrend Channel: The price of Gold (XAU/USD) is moving within an ascending channel, showing a strong uptrend.
Support and Resistance Levels: A range breakout has occurred, with support at around 2,520 and resistance in the 2,620-2,640 zone.
Key Fibonacci Levels: Price is currently pushing towards the 1.66 and 2.00 Fibonacci extension levels, which suggests potential further upward movement.
Bullish Momentum: The breakout of the range signifies strong bullish momentum, with potential upside towards the upper levels of the channel.
Next Target: Based on the pattern, the next target appears to be around 2,640, followed by the upper boundary of the channel.
Potential Pullback: A minor pullback could occur near 2,546-2,520 levels before continuing upwards.
This analysis suggests a continuation of the bullish trend, with opportunities for re-entries on pullbacks within the ascending channel.
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Uptrend Channel: The price of Gold (XAU/USD) is moving within an ascending channel, showing a strong uptrend.
Support and Resistance Levels: A range breakout has occurred, with support at around 2,520 and resistance in the 2,620-2,640 zone.
Key Fibonacci Levels: Price is currently pushing towards the 1.66 and 2.00 Fibonacci extension levels, which suggests potential further upward movement.
Bullish Momentum: The breakout of the range signifies strong bullish momentum, with potential upside towards the upper levels of the channel.
Next Target: Based on the pattern, the next target appears to be around 2,640, followed by the upper boundary of the channel.
Potential Pullback: A minor pullback could occur near 2,546-2,520 levels before continuing upwards.
This analysis suggests a continuation of the bullish trend, with opportunities for re-entries on pullbacks within the ascending channel.
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Trade closed: target reached
the first target touched!
the gray area to get a long position was perfect!
Note
so close to the final target!
it was a wholesome analysis of #gold #xauusd
Trade closed: target reached
finally, the final target touched:
👉 my broker:: bit.ly/HYMCMELI
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telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
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.
👉 my broker:: bit.ly/HYMCMELI
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
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.