Gold (Xau/Usd) Triangle in H1
Updated
The XAU/USD pair on the H1 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 2331
Target Levels:
1st Resistance – 2358
2nd Resistance – 2378
Stop-Loss: To manage risk, place a stop-loss order below 2317.50. This helps limit potential losses if the price falls back unexpectedly.
Thank you
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 2331
Target Levels:
1st Resistance – 2358
2nd Resistance – 2378
Stop-Loss: To manage risk, place a stop-loss order below 2317.50. This helps limit potential losses if the price falls back unexpectedly.
Thank you
Trade active
Note
Running in Profit
Trade closed: target reached
Trade closed: target reached
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