The analysis on the Gold Spot (XAU/USD) 1-hour chart shows that the price has successfully hit the target level.
1. Breakout Confirmation: The price moved past a key resistance level, confirming a bullish breakout.
2. Target Zones Reached: The marked target levels (indicated by the blue arrows) were hit as price action followed an upward momentum.
3. Volume Profile Support: The price movement aligned with the volume profile, showing strong buying interest at key support zones.
4. Profit Potential: The measured move percentages (e.g., 0.22%, 0.28%) suggest a structured approach to price projection, which has played out accurately.
This confirms the effectiveness of the technical setup and highlights the importance of key resistance breakouts in price movements. Would you like a deeper breakdown of the trade setup?
1. Breakout Confirmation: The price moved past a key resistance level, confirming a bullish breakout.
2. Target Zones Reached: The marked target levels (indicated by the blue arrows) were hit as price action followed an upward momentum.
3. Volume Profile Support: The price movement aligned with the volume profile, showing strong buying interest at key support zones.
4. Profit Potential: The measured move percentages (e.g., 0.22%, 0.28%) suggest a structured approach to price projection, which has played out accurately.
This confirms the effectiveness of the technical setup and highlights the importance of key resistance breakouts in price movements. Would you like a deeper breakdown of the trade setup?
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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.