XAU/USD (Gold) - High-Probability Long Setup!
🚀 XAU/USD (Gold) - High-Probability Long Setup! 🚀
📊 Gold Price Analysis (1H Chart)
Gold is currently testing a strong ascending trendline support near $2,882, presenting an excellent buying opportunity. This level has historically acted as a demand zone, and a potential bullish reversal could lead to a breakout.
📈 Trade Setup:
✅ Entry: Around $2,882 (Trendline Support)
🎯 Take Profit 1: $2,907
🎯 Take Profit 2: $2,938
🛑 Stop Loss: Below $2,858
📌 Why This Trade?
🔹 Price is respecting the ascending channel (green trendline support).
🔹 Previous rejection from resistance (red trendline) confirms a well-structured range.
🔹 Strong volume and market momentum support a bullish continuation.
🔥 Gold bulls are ready to push the market higher! Don't miss this breakout trade! 🔥
#XAUUSD #Gold #Trading #TechnicalAnalysis #Breakout #Bullish
📊 Gold Price Analysis (1H Chart)
Gold is currently testing a strong ascending trendline support near $2,882, presenting an excellent buying opportunity. This level has historically acted as a demand zone, and a potential bullish reversal could lead to a breakout.
📈 Trade Setup:
✅ Entry: Around $2,882 (Trendline Support)
🎯 Take Profit 1: $2,907
🎯 Take Profit 2: $2,938
🛑 Stop Loss: Below $2,858
📌 Why This Trade?
🔹 Price is respecting the ascending channel (green trendline support).
🔹 Previous rejection from resistance (red trendline) confirms a well-structured range.
🔹 Strong volume and market momentum support a bullish continuation.
🔥 Gold bulls are ready to push the market higher! Don't miss this breakout trade! 🔥
#XAUUSD #Gold #Trading #TechnicalAnalysis #Breakout #Bullish
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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.
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.