XAU/USD (Gold vs. USD) on the 30-minute timeframe, here's the breakdown:
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📊 Chart Pattern Analysis
You have drawn a falling wedge pattern (marked by two converging red trend lines), which typically signals a bullish reversal.
Price has broken above the wedge, suggesting a potential breakout to the upside.
You’ve marked two targets with green arrows and horizontal blue lines labeled “TARGET.”
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🎯 Identified Targets (from your chart)
1. First Target: Approximately $3,410.00
2. Second Target: Approximately $3,460.00
These levels are derived from the vertical height of the wedge projected upward from the breakout point.
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✅ Conclusion / Strategy
If you are entering after the breakout, these are the potential profit-taking zones.
You might consider setting a stop-loss just below the breakout level (around $3,360–$3,365) depending on your risk tolerance.
Monitor for consolidation or pullbacks before continuation to the targets.
Would you like help calculating risk/reward or placing a stop-loss based on this setup?
---
📊 Chart Pattern Analysis
You have drawn a falling wedge pattern (marked by two converging red trend lines), which typically signals a bullish reversal.
Price has broken above the wedge, suggesting a potential breakout to the upside.
You’ve marked two targets with green arrows and horizontal blue lines labeled “TARGET.”
---
🎯 Identified Targets (from your chart)
1. First Target: Approximately $3,410.00
2. Second Target: Approximately $3,460.00
These levels are derived from the vertical height of the wedge projected upward from the breakout point.
---
✅ Conclusion / Strategy
If you are entering after the breakout, these are the potential profit-taking zones.
You might consider setting a stop-loss just below the breakout level (around $3,360–$3,365) depending on your risk tolerance.
Monitor for consolidation or pullbacks before continuation to the targets.
Would you like help calculating risk/reward or placing a stop-loss based on this setup?
Trade active
close trade gold touch 3395 Trade closed: target reached
close trade
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Gold Signal's with proper TP & SL for high profit opportunities..
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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.
📲 Join telegram channel free ..
t.me/+yJ2-qfkocRg1NDlk
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/+yJ2-qfkocRg1NDlk
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
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.