Bullish Breakout Setup on XAUUSD - Potential Upside Ahead!
Overview:
XAUUSD has been forming a strong technical pattern, indicating a potential breakout. Based on recent price action and volume analysis, we see an opportunity for a bullish move in the coming sessions. This setup is supported by key technical indicators and favorable market sentiment.
Technical Analysis:
Trend: XAUUSD is in an uptrend with strong support at 2747 -2749 and 2741-2743
undamental Factors:
Market sentiment around XAUUSD is positive due to central bank policies.
Conclusion:
XAUUSD presents a compelling opportunity for traders looking for a well-structured breakout setup. With strong technical confirmation, a solid risk-reward ratio, and supporting fundamentals, this trade could offer substantial upside potential. As always, traders should practice risk management and adjust their positions accordingly.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Always conduct your research and consult with a financial professional before making any trading decisions.
XAUUSD has been forming a strong technical pattern, indicating a potential breakout. Based on recent price action and volume analysis, we see an opportunity for a bullish move in the coming sessions. This setup is supported by key technical indicators and favorable market sentiment.
Technical Analysis:
Trend: XAUUSD is in an uptrend with strong support at 2747 -2749 and 2741-2743
undamental Factors:
Market sentiment around XAUUSD is positive due to central bank policies.
Conclusion:
XAUUSD presents a compelling opportunity for traders looking for a well-structured breakout setup. With strong technical confirmation, a solid risk-reward ratio, and supporting fundamentals, this trade could offer substantial upside potential. As always, traders should practice risk management and adjust their positions accordingly.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Always conduct your research and consult with a financial professional before making any trading decisions.
Trade closed: target reached
I gave this out on tradingview only to find that they blocked meNote
I violated a rule that affected my post and hid it from the publicNote
We are looking at reaching 2835 this week, this set up is still in playNote
we are almost thereNote
All TPs hit
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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.