This is a technical analysis chart for Gold Spot (XAUUSD) on the 1-hour timeframe. Here's a breakdown of the key points:
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🔍 Pattern Analysis
Falling Wedge Pattern:
The price was moving within a descending wedge (marked by red trendlines).
This is typically considered a bullish reversal pattern, suggesting a breakout to the upside.
Breakout Confirmation:
Price has broken out of the upper wedge boundary.
The breakout level seems to be just above $3,380.
TARGET POINT 3410
TARGET POINT 3450
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📈 Ichimoku Cloud Indicator
The price has moved above the cloud, which typically indicates a bullish trend.
The cloud itself is starting to thin, another sign of potential
---
🔍 Pattern Analysis
Falling Wedge Pattern:
The price was moving within a descending wedge (marked by red trendlines).
This is typically considered a bullish reversal pattern, suggesting a breakout to the upside.
Breakout Confirmation:
Price has broken out of the upper wedge boundary.
The breakout level seems to be just above $3,380.
TARGET POINT 3410
TARGET POINT 3450
---
📈 Ichimoku Cloud Indicator
The price has moved above the cloud, which typically indicates a bullish trend.
The cloud itself is starting to thin, another sign of potential
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Join telegram free...
t.me/+16bIVCNBo0MzYzk0
Forex Gold & Crypto Signals with
detailed analysis & get consistent |
result ...
Gold Signals with peoper TP & SL for
high profit ...
t.me/+16bIVCNBo0MzYzk0
t.me/+16bIVCNBo0MzYzk0
Forex Gold & Crypto Signals with
detailed analysis & get consistent |
result ...
Gold Signals with peoper TP & SL for
high profit ...
t.me/+16bIVCNBo0MzYzk0
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.