Gold
Long

Gold (XAU/USD) Bullish Breakout Trade Setup – Targeting 3,130

178
Chart Analysis

Trend & Structure

CHoCH (Change of Character): Marked on the chart, indicating a potential trend reversal from bearish to bullish.

The price has broken above a descending trendline and is forming higher highs and higher lows, supporting a bullish bias.


EMAs

EMA 30 (red) and EMA 200 (blue):

EMA 30 has crossed above EMA 200, which is often considered a bullish signal.

The price is currently trading above both EMAs, reinforcing the upward momentum.




---

Trade Setup

Entry Zone

The purple highlighted area between ~3,026 and 3,035, acting as a potential demand zone (previous

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.