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Gold (XAU/USD) Breakout Setup – Bullish Momentum Ahead?Overview: A potential bullish breakout from a triangle pattern, signaling a continuation of the uptrend. Key Technical Insights: 🔹 Triangle Formation Breakout Gold price has been consolidating inside a symmetrical triangle, a common pattern before a breakout. The price has just broken above the resistance, confirming a potential bullish move. 🔹 Support & Resistance Levels: Support: Around 2,933 - 2,935 USD, acting as a retest zone after the breakout. Resistance: Near 2,946 - 2,950 USD, the last hurdle before the next rally. 🔹 Target Projection: Based on the triangle breakout measurement, a potential 3.75% move (110 USD) to around 3,044 USD is anticipated. Trade Plan: 📌 Entry Strategy: A retest of 2,935 USD could provide a better entry for confirmation. Aggressive traders may enter immediately after breakout confirmation. 📌 Stop Loss: Below 2,914 USD, invalidating the breakout structure. 📌 Take Profit Target: Around 3,044 USD, aligning with the measured breakout target. Final Thoughts: ✅ Breakout confirmed – waiting for retest to enter safely. ✅ Momentum and volume support bullish continuation. ✅ Caution if price falls below 2,914 USD, invalidating the pattern. 📈 Gold remains in an uptrend – monitor price action for confirmation! 🚀
OANDA:XAUUSDLong
by PIPsOptimizer
Gold Price Analysis (1H Timeframe)Gold (XAU/USD) is currently trading inside an ascending channel, showing a bullish trend. However, a key trigger line at $2,936 will determine the next move. 🔹 Bullish Scenario: If price stays above $2,936, we can expect a push toward $3,028 and potentially $3,085. A breakout above $3,085 would confirm strong bullish momentum, targeting new highs. 🔻 Bearish Scenario: A break below $2,936 could signal weakness, leading to a drop to $2,880. If selling pressure continues, the next major support is at $2,803. 📌 Trading Plan: 🔸 Long Entry: If price holds above $2,936, with a target of $3,028 - $3,085. 🔸 Short Entry: If price breaks below $2,936, targeting $2,880 - $2,803. 🔸 Risk Management: Use stop-losses near key levels to minimize risk. 📊 Watch Volume & Price Action! A breakout with strong volume confirms the trend direction. Low volume means potential fakeouts—wait for confirmation before entering trades. 📢 What do you think? Share your views in the comments! 🚀
OANDA:XAUUSDLong
by PIPsOptimizer
Gold Retest Completed Now Next Impulsive Move!Hello Traders! As we know that gold is trading in two ascending channel, one is internal and 2nd is external and following trend every time like this impulsive move till upper trendline of external channel and retest move till down trendline of internal channel according to this trend next move would be 3016. there was a FVG and Order Block in H1 thats the reason for yesterday move still gold is in bullish trend. Resistance: 2924 Support: 2908 i am bullish till 3016 because its also a target of weekly bullish flag which i have already posted in ideas section you can check in related post Regards: PipsOptimizer
OANDA:XAUUSDLong
by PIPsOptimizer
GOLD - Quasimodo Head & ShouldersBullish on gold for multiple reasons: Bullish confluences on gold: Inverted yield curve (Possible recession after yield curve flips) = Short term bonds have a higher yield than long term bonds (Federal reserve pushing up interest rates to fight inflation) Possible recession incoming... Increase investments in asset classes with a potential Recession: - BONDS, GOLD, REITS Powell says Interest rates rising so this might be bad for gold but it's still looking solid. NOTE: if it breaks the right shoulder low this trade may be invalidated
OANDA:XAUUSDLong
by CryptoVik
Bitcoin Quasimodo & fibo time/price setup. 1/July/22.Bitcoin. Will it break below 17592.78?! To be “honest”.. I”m “not sure”. (Pls dun argue with me, argue with yourself ..and Mr. Market . Thank You!) AND I will “not sure” for any of my trading setup “found” in future. BUT What I’m “sure” are 1) where is my trade setup “invalidation” level of my #StopLost ( where most indicators based/ mechanical system traders are “not sure” or never / dunno where is the stop lost level) ..2) where is my #TargetProfit.. with min risk/reward ratio of 1 : 2 ( e.g risk from $1 to make $2) = this is hardly achievable In scalping/intraday trading unless you are beginner and “train yourself for shooting more bullet” OR u like giving more “commissions “ to your broker, signal provider etc....
BITSTAMP:BTCUSDLong
by SteveTan
2
Gold’s Quasimodo & fibo time/price setup. 1/July/22Gold. Will it break below 1786.50?! To be “honest”.. I”m “not sure”. (Pls dun argue with me, argue with yourself ..and Mr. Market . Thank You!) AND I will “not sure” for any of my trading setup “found” in future. BUT What I’m “sure” are 1) where is my trade setup “invalidation” level of my #StopLost ( where most indicators based/ mechanical system traders are “not sure” or never / dunno where is the stop lost level) ..2) where is my #TargetProfit.. with min risk/reward ratio of 1 : 2 ( e.g risk from $1 to make $2) = this is hardly achievable In scalping/intraday trading unless you are beginner and “train yourself for shooting more bullet” OR u like giving more “commissions “ to your broker, signal provider etc....
FX:XAUUSDLong
by SteveTan
3