XAUUSD 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE
Key Observations:
1. Uptrend Confirmation:
The price is following an upward trendline, acting as dynamic support.
The breakout above the resistance zone (green/yellow area) suggests bullish momentum.
2. Trade Setup:
Entry Point: Around $2,944.280
Take Profit (Target): $2,980.411 (Green shaded area)
Stop-Loss: $2,928.839 (Red shaded area)
3. Technical Analysis:
The price has cleared a key resistance level (yellow zone) and is now expected to continue rising.
The risk-reward ratio appears favorable, with a tight stop-loss and a larger potential profit range.
The black arrow indicates the projected bullish move.
Conclusion:
This is a long (buy) trade setup, expecting Gold to move toward $2,980.411 while managing risk with a stop-loss at $2,928.839. The trader is betting on continued bullish momentum.
Are you planning to enter this trade or waiting for further confirmation?
1. Uptrend Confirmation:
The price is following an upward trendline, acting as dynamic support.
The breakout above the resistance zone (green/yellow area) suggests bullish momentum.
2. Trade Setup:
Entry Point: Around $2,944.280
Take Profit (Target): $2,980.411 (Green shaded area)
Stop-Loss: $2,928.839 (Red shaded area)
3. Technical Analysis:
The price has cleared a key resistance level (yellow zone) and is now expected to continue rising.
The risk-reward ratio appears favorable, with a tight stop-loss and a larger potential profit range.
The black arrow indicates the projected bullish move.
Conclusion:
This is a long (buy) trade setup, expecting Gold to move toward $2,980.411 while managing risk with a stop-loss at $2,928.839. The trader is betting on continued bullish momentum.
Are you planning to enter this trade or waiting for further confirmation?
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.
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.