here's a technical breakdown and estimated target price for XAU/USD (Gold Spot vs USD):
---
Chart Analysis Summary:
Timeframe: 1-hour chart
Pattern: Descending triangle (bearish formation)
Breakout: Price has clearly broken below the lower trendline of the triangle.
Current Price: Around $3,312
Target Point Marked: Visually on the chart around $3,260
---
Target Calculation (Using Triangle Height Method):
1. Approximate Height of Triangle:
Top: ~$3,420
Bottom: ~$3,360
Height: ~$60
2. Breakout Point: Around ~$3,320
Target = Breakout point - Height
Target ≈ $3,320 - $60 = $3,260
---
✅ Final Target Estimate: $3,260
This aligns with the green arrow and "TARGET POINT" you’ve already marked on the chart.
Would you like me to provide stop-loss ideas or confirmation indicators (like RSI, volume, or candlestick confirmation) for better trade setup confidence?
---
Chart Analysis Summary:
Timeframe: 1-hour chart
Pattern: Descending triangle (bearish formation)
Breakout: Price has clearly broken below the lower trendline of the triangle.
Current Price: Around $3,312
Target Point Marked: Visually on the chart around $3,260
---
Target Calculation (Using Triangle Height Method):
1. Approximate Height of Triangle:
Top: ~$3,420
Bottom: ~$3,360
Height: ~$60
2. Breakout Point: Around ~$3,320
Target = Breakout point - Height
Target ≈ $3,320 - $60 = $3,260
---
✅ Final Target Estimate: $3,260
This aligns with the green arrow and "TARGET POINT" you’ve already marked on the chart.
Would you like me to provide stop-loss ideas or confirmation indicators (like RSI, volume, or candlestick confirmation) for better trade setup confidence?
Trade active
active tradeNote
sell running 200 pipsTrade closed: target reached
target done
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📲 Join telegram channel free ..
t.me/+yJ2-qfkocRg1NDlk
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/+yJ2-qfkocRg1NDlk
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
Related publications
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.