XAU/USD 1H CHART PATTERN

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This chart is a technical analysis for Gold Spot (XAU/USD) on the 1-hour timeframe, and it outlines a potential long (buy) trade setup. Here's a breakdown of the key elements:


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🔍 Key Levels:

Entry Point: 3,355 USD

Target (TP): 3,376 USD

Current Price: Around 3,352.975 USD

Resistance Zone: Near 3,366 USD

Support Zone: Around 3,355 USD



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📈 Trade Idea Summary:

The chart suggests a buy setup if the price retests 3,355 USD and finds support there.

A bullish continuation is expected after consolidation, with a projected target of 3,376 USD.

The visual arrow and pattern suggest a potential breakout-retest-bounce structure.



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⚠ Important Notes:

The chart implies waiting for confirmation around 3,355 before entering.

The target level (3,376) sits just below the next resistance area, suggesting a conservative take-profit approach.

No stop-loss is shown, but it should be considered — possibly just below the recent swing low (around 3,340–3,345).



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