**Gold (XAUUSD) Bullish Breakout Setup – Targeting $2,818**
**Gold (XAUUSD) 1H Chart Analysis:**
- **Current Price:** Around **$2,800.29**
- **Key Resistance:** **$2,818.05** (Potential target zone)
- **Spot Zone:** Previous resistance turned support around **$2,790**
- **Recent Price Action:**
- Gold broke above a key resistance level (now acting as support).
- Price faced a **minor rejection** but is consolidating, potentially forming a bullish continuation pattern.
- **Forecast:**
- If price holds above **$2,790**, consolidation could lead to a breakout toward **$2,818**.
- A strong breakout above **$2,818** could signal further upside momentum.
- A rejection from this level might result in a pullback to **$2,790** support.
Overall, bullish sentiment remains strong unless price drops below **$2,790**.
- **Current Price:** Around **$2,800.29**
- **Key Resistance:** **$2,818.05** (Potential target zone)
- **Spot Zone:** Previous resistance turned support around **$2,790**
- **Recent Price Action:**
- Gold broke above a key resistance level (now acting as support).
- Price faced a **minor rejection** but is consolidating, potentially forming a bullish continuation pattern.
- **Forecast:**
- If price holds above **$2,790**, consolidation could lead to a breakout toward **$2,818**.
- A strong breakout above **$2,818** could signal further upside momentum.
- A rejection from this level might result in a pullback to **$2,790** support.
Overall, bullish sentiment remains strong unless price drops below **$2,790**.
Trade closed: target reached
Congratulation target achieved ..
If you want to receive more Analysis signals, please join our Telegram channel. t.me/+JLFlD0eg3LFjNjU8
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.
If you want to receive more Analysis signals, please join our Telegram channel. t.me/+JLFlD0eg3LFjNjU8
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.