XAUUSD 15MThe chart you've provided shows a technical analysis setup for Gold Spot against the US Dollar (XAU/USD) on a 15-minute timeframe. Here's a breakdown of the chart:
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📊 Chart Analysis Summary:
1. Ascending Trendline:
A blue ascending trendline is drawn, indicating higher lows and suggesting bullish momentum.
2. Register Live Point (Resistance Zone):
Marked with a red horizontal band, this zone has acted as a resistance level, where the price has struggled to break above multiple times.
3. Target TP (Take Profit Level):
The projected target level is marked significantly above the current resistance, around 3,398–3,400, which indicates the bullish target upon breakout.
4. Bullish Setup:
The current price (around 3,376.825) is trending upward, and the setup suggests a breakout above the resistance (Register Live Point) could trigger a move toward the target TP.
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✅ Interpretation:
Buy Setup: The chart indicates a potential long (buy) trade if the price breaks and holds above the resistance level (~3,380).
TP (Take Profit): Around 3,398–3,400.
Support/Trendline: As long as the price respects the ascending trendline, the bullish bias remains valid.
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Would you like help with a trading plan (entry, stop-loss, take-profit), or would you like this translated into a written trading idea?
