Gold Spot / U.S. Dollar
Long
Updated

XAUUSD(GOLD) 1 HOUR ANALYSIS.

137
May be consolidation Market goes to high
1. Support Area:
Around $3,298 - $3,310
Price has previously bounced from this zone, confirming it as strong demand/support.
2. Resistance Zone:
Around $3,355 - $3,360
Trade Setup
Entry: ~$3,356 (already near current price)
Stop Loss: ~$3,336
Target: ~$3,400
V-Shaped Recovery: A sharp bullish reversal from the support zone around June 29.
Breakout & Retest: Price has broken the resistance zone and now possibly retesting it as support before continuing upward.
Outlook & Considerations
✅ Bullish Bias Justification:
Price broke resistance and is now in a higher-high, higher-low pattern.
Supertrend supports upside.
Support held firm during the previous downtrend.
⚠ Risks:
If price falls below $3,336 (stop loss area), it could invalidate the bullish setup.
Conclusion:
This chart shows a bullish breakout and continuation setup with a favorable risk-to-reward ratio. A long position from around $3,356 aiming for $3,400 with a stop at $3,336 is technically sound based on current data.
Trade active
our half target hit succesfully around 100+PIPS in profit . hold the trades .
Trade closed: stop reached
Sorry guys Stop Loss hit my target but first 100+PIPS is in profit then Stop

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