Gold (XAUUSD) Poised for Further Gains:Breakout Within Ascending
Updated
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:
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