XAU/USD (Gold vs. USD) on the 30-minute timeframe, my analyzing a bullish breakout pattern with Ichimoku and support from an ascending trendline. My marked two target points on the chart.
Here's the breakdown:
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🟢 Current Price: ~$3,344 (as shown on the chart)
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🔵 First Target Point (Breakout Target):
Price Level: ~$3,360
This is likely the immediate breakout target based on the prior range or wedge height.
---
🔵 Final Target Point (Extended Move):
Price Level: ~$3,395
This target is likely based on a measured move from the bottom of the wedge to the breakout extension projected upward.
---
📈 Trade Summary Suggestion (if trading the breakout):
Entry Zone: Above $3,345 (break and retest confirmation)
TP1: $3,360
TP2: $3,395
Stop Loss: Below $3,320 or just under trendline support
Let me know if you want to calculate the exact pip size or risk/reward ratio for this setup.
Here's the breakdown:
---
🟢 Current Price: ~$3,344 (as shown on the chart)
---
🔵 First Target Point (Breakout Target):
Price Level: ~$3,360
This is likely the immediate breakout target based on the prior range or wedge height.
---
🔵 Final Target Point (Extended Move):
Price Level: ~$3,395
This target is likely based on a measured move from the bottom of the wedge to the breakout extension projected upward.
---
📈 Trade Summary Suggestion (if trading the breakout):
Entry Zone: Above $3,345 (break and retest confirmation)
TP1: $3,360
TP2: $3,395
Stop Loss: Below $3,320 or just under trendline support
Let me know if you want to calculate the exact pip size or risk/reward ratio for this setup.
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Gold Signal's with proper TP & SL for high profit opportunities..
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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.
📲 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.