GOLD/USD Buy Setup – Breakout & Retest Confirmed
Entry: 3384
TP: 3563
SL: 3307
RR: 2.3
Analysis:
Gold has broken out of the recent consolidation range and is respecting the ascending trendline. Volume is increasing on the breakout, confirming bullish strength. Minor pullback held perfectly at the trendline and previous resistance-turned-support. Clean move expected toward 3560+ if momentum continues.
Bias: Bullish
Timeframe: 1H
Outlook: 1–2 days
Entry: 3384
TP: 3563
SL: 3307
RR: 2.3
Analysis:
Gold has broken out of the recent consolidation range and is respecting the ascending trendline. Volume is increasing on the breakout, confirming bullish strength. Minor pullback held perfectly at the trendline and previous resistance-turned-support. Clean move expected toward 3560+ if momentum continues.
Bias: Bullish
Timeframe: 1H
Outlook: 1–2 days
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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.
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.