This 4-hour chart shows a bullish setup for gold (XAU/USD). Key elements include:
CHoCH (Change of Character): Indicates a shift from bearish to bullish structure.
Break of Structure (BoS): Confirming bullish momentum.
Support Trendline & Order Block: Price is reacting to a confluence of support, suggesting a possible rebound.
Projected Target:** A potential upside move towards the 3,438 zone is highlighted, aligning with previous resistance.
The current price action around the order block and trendline support hints at a buying opportunity, with a strong bullish move expected if this level holds.
CHoCH (Change of Character): Indicates a shift from bearish to bullish structure.
Break of Structure (BoS): Confirming bullish momentum.
Support Trendline & Order Block: Price is reacting to a confluence of support, suggesting a possible rebound.
Projected Target:** A potential upside move towards the 3,438 zone is highlighted, aligning with previous resistance.
The current price action around the order block and trendline support hints at a buying opportunity, with a strong bullish move expected if this level holds.
Trade active
Great gold running is well market reached 3350Note
Market reached 3390 700+ pip's gained
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🟡 TELEGRAM CHANNEL:
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
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.