Gold FuturesLong
GOLD TRIANGLE PATTERN - BREAKOUT!
Gold Update (1-Day Timeframe) Chart Analysis
Bullish Indicators Identified: A triangle pattern is forming, signaling a potential breakout soon. This formation often results in a sharp move, with an expected gain of 1500-3000 points in the upward direction.
Key Levels: Buy above 75000 for a bullish breakout.
Target Levels:
First target: 75500
Second target: 76000
Third target: 76600
Stop-Loss (SL): 74450.
Breakout Confirmation: Stay alert for confirmation before entering the trade.
Risk Management: Always set a stop-loss to mitigate potential risks.
Disclaimer: This technical analysis is based on the provided data and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results.
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Bullish Indicators Identified: A triangle pattern is forming, signaling a potential breakout soon. This formation often results in a sharp move, with an expected gain of 1500-3000 points in the upward direction.
Key Levels: Buy above 75000 for a bullish breakout.
Target Levels:
First target: 75500
Second target: 76000
Third target: 76600
Stop-Loss (SL): 74450.
Breakout Confirmation: Stay alert for confirmation before entering the trade.
Risk Management: Always set a stop-loss to mitigate potential risks.
Disclaimer: This technical analysis is based on the provided data and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results.
IF THIS WILL HELP YOU, PLEASE LIKE THE POST ❤️
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.